Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Declines By 35.7%

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 515,780 shares, a decline of 35.7% from the June 15th total of 802,396 shares. Based on an average trading volume of 2,648,737 shares, the days-to-cover ratio is currently 0.2 days. Approximately 16.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Hub Cyber Security from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hub Cyber Security has an average rating of “Sell”.

Hub Cyber Security Stock Performance

Hub Cyber Security stock opened at $1.20 on Friday. Hub Cyber Security has a 12 month low of $1.13 and a 12 month high of $66,450.00. The business has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $1,244.07.

Hub Cyber Security (NASDAQ:HUBC) last announced its earnings results on Friday, July 17th. The company reported $30,359.70 earnings per share for the quarter. The business had revenue of $8.28 million for the quarter.

Insider Buying and Selling

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 143,772 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $2.04, for a total value of $293,294.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Hub Cyber Security

A number of large investors have recently added to or reduced their stakes in HUBC. Goldman Sachs Group Inc. purchased a new position in Hub Cyber Security during the first quarter valued at $65,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security during the third quarter worth about $133,000. HRT Financial LP purchased a new stake in shares of Hub Cyber Security during the fourth quarter worth about $28,000. Finally, Bank of America Corp DE acquired a new position in shares of Hub Cyber Security during the 2nd quarter worth about $266,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

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.