Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 408,600 shares, a drop of 16.3% from the January 15th total of 488,300 shares. Approximately 1.4% of the company's shares are short sold. Based on an average trading volume of 786,400 shares, the short-interest ratio is currently 0.5 days.
Allot Communications Trading Up 1.1 %
Shares of NASDAQ ALLT traded up $0.09 during trading hours on Tuesday, reaching $7.54. The stock had a trading volume of 364,278 shares, compared to its average volume of 1,050,215. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. The firm has a market cap of $289.65 million, a price-to-earnings ratio of -11.55 and a beta of 1.05. The business's fifty day moving average price is $6.97 and its two-hundred day moving average price is $4.67. Allot Communications has a 52-week low of $1.75 and a 52-week high of $9.44.
Institutional Trading of 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 - Free Report) by 345.1% in the fourth quarter, according to its most recent Form 13F filing with the 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 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. 51.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Allot Communications from a "hold" rating to a "buy" rating in a research report on Saturday.
Read Our Latest Analysis on ALLT
Allot Communications Company Profile
(
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.
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