HUB Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Up 473.0% in April

HUB Cyber Security Ltd. (NASDAQ:HUBC) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,320,000 shares, an increase of 473.0% from the March 31st total of 404,900 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 4,900,000 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On HUB Cyber Security

A hedge fund recently raised its stake in HUB Cyber Security stock. K2 Principal Fund L.P. raised its stake in HUB Cyber Security Ltd. (NASDAQ:HUBC) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,619,113 shares of the company’s stock after purchasing an additional 308,860 shares during the period. K2 Principal Fund L.P. owned 1.65% of HUB Cyber Security worth $379,000 at the end of the most recent quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

HUB Cyber Security Price Performance

HUBC traded down $0.09 during trading on Friday, reaching $1.06. 793,361 shares of the stock were exchanged, compared to its average volume of 4,002,344. HUB Cyber Security has a twelve month low of $0.68 and a twelve month high of $10.50. The stock’s 50 day moving average price is $1.17 and its two-hundred day moving average price is $2.35.

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.