Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average daily 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.
Institutional Trading of Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC boosted its stake in Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider's stock after buying an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. Institutional investors own 51.50% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Allot Communications from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th.
Check Out Our Latest Stock Analysis on ALLT
Allot Communications Price Performance
Shares of NASDAQ ALLT traded down $0.99 during mid-day trading on Tuesday, reaching $6.88. The company had a trading volume of 2,561,100 shares, compared to its average volume of 1,467,719. The company has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $3.74. The stock has a market cap of $264.48 million, a PE ratio of -10.58 and a beta of 1.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. Allot Communications has a 1-year low of $1.46 and a 1-year high of $8.15.
Allot Communications Company Profile
(
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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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