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

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target 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. Based on an average daily volume of 194,778,869 shares, the days-to-cover ratio is presently 0.0 days. Approximately 65.4% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt purchased 341,196 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $0.21 per share, for a total transaction of $71,651.16. Following the completion of the acquisition, the insider owned 595,325 shares in the company, valued at $125,018.25. This trade represents a 134.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Hub Cyber Security

Several hedge funds have recently added to or reduced their stakes in the stock. HRT Financial LP bought a new stake in Hub Cyber Security in the fourth quarter worth about $28,000. Cresset Asset Management LLC bought a new stake in Hub Cyber Security in the third quarter worth about $133,000. Bank of America Corp DE bought a new stake in Hub Cyber Security in the second quarter worth about $266,000. Finally, Goldman Sachs Group Inc. bought a new stake in Hub Cyber Security in the first quarter worth about $65,000. Institutional investors own 4.70% of the company’s stock.

Hub Cyber Security Stock Performance

HUBC stock traded up $0.50 during mid-day trading on Monday, hitting $1.68. The company had a trading volume of 47,383,330 shares, compared to its average volume of 2,165,620. Hub Cyber Security has a 12 month low of $1.14 and a 12 month high of $66,450.00. The stock’s fifty day moving average price is $41.69 and its two-hundred day moving average price is $2,989.13.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.