Allot Communications Ltd (NASDAQ:ALLT) Short Interest Up 155.6% in January

Allot Communications Ltd (NASDAQ:ALLT) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 200,900 shares, an increase of 155.6% from the December 31st total of 78,600 shares. Based on an average daily trading volume, of 475,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the shares of the company are short sold.

Allot Communications Trading Down 1.4 %

Allot Communications stock opened at $8.37 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. Allot Communications has a 12 month low of $1.70 and a 12 month high of $8.74. The stock’s 50 day simple moving average is $6.06 and its two-hundred day simple moving average is $4.20. The firm has a market cap of $321.76 million, a PE ratio of -12.88 and a beta of 1.00.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

Institutional Investors Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC grew its stake in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after purchasing an additional 26,778 shares during the period. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.