Short Interest in Allot Communications Ltd (NASDAQ:ALLT) Rises By 155.6%

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

Analysts Set New Price Targets

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

Allot Communications Stock Performance

Allot Communications stock opened at $7.87 on Tuesday. Allot Communications has a fifty-two week low of $1.46 and a fifty-two week high of $8.15. The stock’s 50 day simple moving average is $4.92 and its two-hundred day simple moving average is $3.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The stock has a market cap of $302.54 million, a price-to-earnings ratio of -12.11 and a beta of 1.00.

Institutional Investors Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC lifted its position in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after buying 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. 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.