HUB Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Up 473.0% in April

HUB Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,320,000 shares, an increase of 473.0% from the March 31st total of 404,900 shares. Based on an average daily trading volume, of 4,900,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.7% of the company’s stock are sold short.

Institutional Trading of HUB Cyber Security

A hedge fund recently raised its stake in HUB Cyber Security stock. K2 Principal Fund L.P. raised its stake in shares of HUB Cyber Security Ltd. (NASDAQ:HUBC) by 23.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,619,113 shares of the company’s stock after purchasing an additional 308,860 shares during the quarter. K2 Principal Fund L.P. owned about 1.65% of HUB Cyber Security worth $379,000 at the end of the most recent reporting period. 4.70% of the stock is owned by institutional investors.

HUB Cyber Security Price Performance

NASDAQ HUBC traded up $0.01 during trading on Thursday, hitting $1.15. The company’s stock had a trading volume of 1,483,654 shares, compared to its average volume of 4,042,443. HUB Cyber Security has a fifty-two week low of $0.68 and a fifty-two week high of $10.80. The business’s 50 day simple moving average is $1.18 and its 200-day simple moving average is $2.36.

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.