HUB Cyber Security Ltd. (NASDAQ:HUBC) Sees Significant Increase in Short Interest

HUB Cyber Security Ltd. (NASDAQ:HUBC) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,610,000 shares, a growth of 91.9% from the January 15th total of 1,360,000 shares. Based on an average trading volume of 2,320,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 8.7% of the company’s stock are short sold.

HUB Cyber Security Stock Performance

HUBC stock traded down $0.14 during midday trading on Friday, hitting $0.87. The company’s stock had a trading volume of 2,584,868 shares, compared to its average volume of 3,040,118. HUB Cyber Security has a 12 month low of $0.37 and a 12 month high of $2.17. The firm’s 50-day moving average is $0.70 and its 200-day moving average is $0.60.

Institutional Investors Weigh In On HUB Cyber Security

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in HUB Cyber Security by 42.1% during the fourth quarter. Geode Capital Management LLC now owns 37,399 shares of the company’s stock valued at $26,000 after purchasing an additional 11,080 shares during the period. Private Advisor Group LLC bought a new position in HUB Cyber Security during the fourth quarter valued at approximately $37,000. Finally, XTX Topco Ltd bought a new position in HUB Cyber Security during the third quarter valued at approximately $29,000. 4.70% of the stock is currently owned by institutional investors.

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.