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

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 143,772 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were 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 can be accessed through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

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

Hub Cyber Security Stock Up 42.4%

Shares of NASDAQ HUBC traded up $0.50 during mid-day trading on Monday, reaching $1.68. 47,383,330 shares of the company’s stock traded hands, compared to its average volume of 2,165,620. The business has a 50-day simple moving average of $41.69 and a 200 day simple moving average of $2,989.13. Hub Cyber Security has a 1-year low of $1.14 and a 1-year 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.