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

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 734,070 shares, a decline of 39.6% from the May 14th total of 1,215,803 shares. Currently, 65.4% of the shares of the company are short sold. 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 at Hub Cyber Security

In related news, major shareholder Financial Lp Hrt bought 341,196 shares of Hub Cyber Security stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $0.21 per share, with a total value of $71,651.16. Following the transaction, the insider directly owned 595,325 shares of the company’s stock, valued at approximately $125,018.25. The trade was a 134.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hub Cyber Security

A number of hedge funds have recently made changes to their positions in HUBC. Bank of America Corp DE bought a new stake in Hub Cyber Security in the second quarter worth $266,000. HRT Financial LP purchased a new position in shares of Hub Cyber Security in the fourth quarter worth about $28,000. Cresset Asset Management LLC bought a new stake in shares of Hub Cyber Security in the 3rd quarter valued at about $133,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Hub Cyber Security during the 1st quarter valued at about $65,000. 4.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Hub Cyber Security to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hub Cyber Security presently has a consensus rating of “Sell”.

Hub Cyber Security Stock Performance

Shares of NASDAQ HUBC opened at $2.03 on Wednesday. Hub Cyber Security has a 52 week low of $1.14 and a 52 week high of $66,450.00. The business has a 50-day simple moving average of $38.22 and a two-hundred day simple moving average of $2,766.27.

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.