Hub Cyber Security Ltd. (NASDAQ:HUBC) Sees Significant Decline in Short Interest

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 734,070 shares, a decrease of 39.6% from the May 14th total of 1,215,803 shares. Currently, 65.4% of the company’s shares are sold short. Based on an average trading volume of 194,778,869 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 143,772 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $2.04, for a total transaction of $293,294.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hub Cyber Security

A number of large investors have recently added to or reduced their stakes in HUBC. Goldman Sachs Group Inc. acquired a new stake in Hub Cyber Security during the 1st quarter valued at $65,000. Bank of America Corp DE acquired a new stake in Hub Cyber Security during the 2nd quarter valued at $266,000. Cresset Asset Management LLC acquired a new stake in Hub Cyber Security during the 3rd quarter valued at $133,000. Finally, HRT Financial LP acquired a new stake in Hub Cyber Security during the 4th quarter valued at $28,000. 4.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Hub Cyber Security to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hub Cyber Security Price Performance

Shares of HUBC stock traded up $0.35 during trading hours on Tuesday, reaching $2.03. The company had a trading volume of 17,082,366 shares, compared to its average volume of 7,936,454. The stock’s fifty day simple moving average is $38.22 and its 200 day simple moving average is $2,766.27. Hub Cyber Security has a twelve month low of $1.14 and a twelve month high of $66,450.00.

Hub Cyber Security Company Profile

HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment.