Hub Cyber Security Ltd. (NASDAQ:HUBC) Sees Large Decrease in Short Interest

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 313,610 shares, a drop of 39.2% from the June 30th total of 515,780 shares. Based on an average daily trading volume, of 546,858 shares, the short-interest ratio is currently 0.6 days. Approximately 8.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a report on Tuesday, July 21st. Wall Street Zen raised shares of Hub Cyber Security from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hub Cyber Security currently has a consensus rating of “Sell”.

Hub Cyber Security Stock Performance

Hub Cyber Security stock traded up $0.01 during midday trading on Thursday, hitting $1.03. 250,205 shares of the company were exchanged, compared to its average volume of 1,996,235. Hub Cyber Security has a fifty-two week low of $0.95 and a fifty-two week high of $63,900.00. The company’s fifty day moving average price is $2.27 and its 200-day moving average price is $888.45.

Hub Cyber Security (NASDAQ:HUBC) last issued its quarterly earnings data on Friday, July 17th. The company reported $30,359.70 earnings per share (EPS) for the quarter. The firm had revenue of $8.28 million during the quarter.

Insider Transactions at Hub Cyber Security

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 143,772 shares of Hub Cyber Security stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $2.04, for a total value of $293,294.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Hub Cyber Security

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the first quarter valued at about $65,000. Bank of America Corp DE purchased a new position in Hub Cyber Security in the second quarter valued at about $266,000. Cresset Asset Management LLC purchased a new position in Hub Cyber Security in the third quarter valued at about $133,000. Finally, HRT Financial LP acquired a new stake in Hub Cyber Security during the 4th quarter valued at approximately $28,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

About Hub Cyber Security

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.