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

Allot Communications Ltd (NASDAQ:ALLTGet Free Report) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 60,400 shares, an increase of 36.7% from the November 15th total of 44,200 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 205,700 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Allot Communications

Allot Communications Stock Down 0.6 %

ALLT opened at $5.27 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.32 and a quick ratio of 2.06. Allot Communications has a 12 month low of $1.39 and a 12 month high of $5.50. The stock’s 50 day moving average price is $3.86 and its 200 day moving average price is $3.16. The stock has a market cap of $202.59 million, a P/E ratio of -8.11 and a beta of 1.09.

About Allot Communications

(Get Free Report)

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.

Read More

Receive News & Ratings for Allot Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications and related companies with MarketBeat.com's FREE daily email newsletter.