Hub Cyber Security Ltd. (NASDAQ:HUBC) Sees Significant Decline in Short Interest

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 313,610 shares, a decline of 39.2% from the June 30th total of 515,780 shares. Currently, 8.4% of the shares of the stock are short sold. Based on an average daily volume of 546,858 shares, the short-interest ratio is currently 0.6 days.

Hub Cyber Security Trading Up 3.4%

Shares of Hub Cyber Security stock opened at $1.06 on Friday. Hub Cyber Security has a 1 year low of $0.95 and a 1 year high of $63,900.00. The company has a 50 day simple moving average of $2.22 and a two-hundred day simple moving average of $848.69.

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

Insider Activity at Hub Cyber Security

In other news, major shareholder Financial Lp Hrt purchased 341,196 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $0.21 per share, with a total value 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

HUBC has been the subject of several research analyst reports. Wall Street Zen raised Hub Cyber Security from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.