Short Interest in Allot Communications Ltd (NASDAQ:ALLT) Expands By 155.6%

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

Hedge Funds Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC grew its holdings in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after acquiring an additional 26,778 shares during the period. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 as of its most recent filing with the Securities & Exchange Commission. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

Allot Communications Stock Down 0.2 %

Shares of ALLT stock opened at $8.48 on Thursday. 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 12 month low of $1.70 and a 12 month high of $8.74. The stock has a market cap of $325.82 million, a P/E ratio of -13.17 and a beta of 1.00. The company has a 50 day simple moving average of $5.98 and a two-hundred day simple moving average of $4.17.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Allot Communications from a “hold” rating to a “buy” rating in a research note 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.