Short Interest in Allot Communications Ltd (NASDAQ:ALLT) Drops By 15.8%

Allot Communications Ltd (NASDAQ:ALLT) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 55,500 shares, a decline of 15.8% from the March 15th total of 65,900 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 58,700 shares, the days-to-cover ratio is presently 0.9 days.

Allot Communications Stock Down 3.6 %

NASDAQ:ALLT opened at $2.13 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.99 and a current ratio of 2.29. The company has a market cap of $81.88 million, a price-to-earnings ratio of -1.29 and a beta of 1.02. The stock’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $1.82. Allot Communications has a 52-week low of $1.19 and a 52-week high of $3.34.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.27). The firm had revenue of $24.34 million for the quarter, compared to the consensus estimate of $22.40 million. Allot Communications had a negative return on equity of 87.18% and a negative net margin of 67.42%. On average, analysts anticipate that Allot Communications will post -0.44 EPS for the current year.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. Ancora Advisors LLC increased its holdings in shares of Allot Communications Ltd (NASDAQ:ALLT) by 56.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,392 shares of the communications equipment provider’s stock after purchasing an additional 9,140 shares during the quarter. Ancora Advisors LLC owned 0.07% of Allot Communications worth $406,000 as of its most recent filing with the SEC. Institutional investors own 51.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Allot Communications in a report on Wednesday. They set a “sell” rating on the stock.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.