Allot Communications Ltd (NASDAQ:ALLT) Sees Large Increase in Short Interest

Allot Communications Ltd (NASDAQ:ALLT) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 200,900 shares, an increase of 155.6% from the December 15th total of 78,600 shares. Based on an average trading volume of 475,000 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the shares of the stock are sold short.

Allot Communications Stock Performance

Shares of Allot Communications stock opened at $6.86 on Thursday. Allot Communications has a 12 month low of $1.46 and a 12 month high of $8.15. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. The stock has a market cap of $263.71 million, a PE ratio of -10.55 and a beta of 1.00. The business has a fifty day simple moving average of $5.14 and a 200-day simple moving average of $3.79.

Institutional Investors Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC grew its holdings in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. Institutional investors own 51.50% of the company’s stock.

Analyst Ratings Changes

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

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.