Allot Communications Ltd (NASDAQ:ALLT) Short Interest Up 30.1% in December

Allot Communications Ltd (NASDAQ:ALLT) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 78,600 shares, a growth of 30.1% from the November 30th total of 60,400 shares. Based on an average daily volume of 305,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Allot Communications Stock Performance

Shares of NASDAQ:ALLT traded up $0.47 during midday trading on Friday, hitting $5.92. The company’s stock had a trading volume of 892,128 shares, compared to its average volume of 159,042. 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’s 50 day simple moving average is $4.27 and its 200 day simple moving average is $3.37. The stock has a market capitalization of $227.58 million, a price-to-earnings ratio of -9.11 and a beta of 1.09. Allot Communications has a fifty-two week low of $1.45 and a fifty-two week high of $5.95.

Analysts Set New Price Targets

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

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.