Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Update

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 487,489 shares, a growth of 56.6% from the February 26th total of 311,293 shares. Currently, 78.1% of the shares of the company are sold short. Based on an average daily trading volume, of 850,168 shares, the short-interest ratio is currently 0.6 days.

Hub Cyber Security Trading Up 1.5%

Shares of HUBC stock traded up $0.00 during trading hours on Friday, hitting $0.13. 5,784,283 shares of the company’s stock were exchanged, compared to its average volume of 11,389,232. Hub Cyber Security has a fifty-two week low of $0.12 and a fifty-two week high of $66.45. The firm has a 50 day moving average of $1.83 and a two-hundred day moving average of $12.57.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HUBC. Goldman Sachs Group Inc. acquired a new stake in Hub Cyber Security in the 1st quarter worth about $65,000. Bank of America Corp DE acquired a new position in shares of Hub Cyber Security during the second quarter valued at approximately $266,000. Cresset Asset Management LLC purchased a new position in shares of Hub Cyber Security in the third quarter valued at approximately $133,000. Finally, HRT Financial LP acquired a new stake in shares of Hub Cyber Security in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HUBC. Wall Street Zen downgraded Hub Cyber Security from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hub Cyber Security currently has a consensus rating of “Sell”.

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.