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

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

HUB Cyber Security Price Performance

NASDAQ HUBC traded down $0.07 during trading on Friday, reaching $1.08. The company’s stock had a trading volume of 1,267,384 shares, compared to its average volume of 14,618,763. The business has a 50-day moving average price of $1.17 and a 200-day moving average price of $2.31. HUB Cyber Security has a 1-year low of $0.68 and a 1-year high of $10.50.

Institutional Investors Weigh In On HUB Cyber Security

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

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.