Allot Communications Ltd (NASDAQ:ALLT) Sees Significant Growth in Short Interest

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

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC increased its position in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Allot Communications Stock Up 7.8 %

NASDAQ:ALLT opened at $8.58 on Wednesday. The firm’s 50-day moving average price is $5.89 and its 200-day moving average price is $4.14. The company has a market capitalization of $329.82 million, a PE ratio of -13.20 and a beta of 1.00. 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 1-year low of $1.70 and a 1-year high of $8.71.

About Allot Communications

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.