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

Allot Communications Ltd (NASDAQ:ALLT) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 200,900 shares, an increase of 155.6% from the December 15th 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. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC increased its stake in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the fourth quarter, according to the company in its most recent disclosure 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 quarter. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Communications Stock Performance

Shares of ALLT stock opened at $6.88 on Wednesday. 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 company has a market cap of $264.48 million, a PE ratio of -10.58 and a beta of 1.00. The company’s fifty day simple moving average is $5.07 and its 200-day simple moving average is $3.77. Allot Communications has a 52 week low of $1.46 and a 52 week high of $8.15.

Wall Street Analyst Weigh In

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

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.