Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Down 96.4% in April

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 327,372 shares, a decrease of 96.4% from the April 15th total of 9,121,330 shares. Currently, 29.2% of the company’s shares are short sold. Based on an average trading volume of 1,397,898 shares, the days-to-cover ratio is currently 0.2 days.

Hub Cyber Security Stock Performance

Hub Cyber Security stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.17. The company’s stock had a trading volume of 2,434,106 shares, compared to its average volume of 1,306,220. The business has a 50 day moving average price of $16.33 and a 200-day moving average price of $315.93. Hub Cyber Security has a 12 month low of $0.17 and a 12 month high of $3,322.50.

Hedge Funds Weigh In On Hub Cyber Security

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Hub Cyber Security to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Hub Cyber Security presently has a consensus rating of “Sell”.

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.