Adrian Johnson
TLDR:
Key Points:
- HUB Cyber Security (NASDAQ:HUBC) shares down 3.7% on Tuesday
- Hedge fund K2 Principal Fund L.P. increased stake in HUB Cyber Security by 23.6%
In a recent article by Defense World, it was reported that HUB Cyber Security (NASDAQ:HUBC) experienced a 3.7% decrease in share price on Tuesday, trading as low as $0.71. The company’s fifty day and 200-day simple moving averages were also noted at $1.02 and $1.45, respectively. This decline in share price was reflected in the trading volume, with only 250,095 shares being traded during mid-day trading, a significant decrease from the average daily volume of 3,201,927 shares.
One notable event mentioned in the article was a hedge fund, K2 Principal Fund L.P., increasing its stake in HUB Cyber Security by 23.6% during the third quarter. This brought their total holdings to 1,619,113 shares worth $379,000, representing about 1.65% of the company’s stock. Overall, institutional investors now own 4.70% of the company’s stock.
HUB Cyber Security Ltd. provides cyber security solutions globally, offering services such as HUB Secure File Vault, HUB Guard, D.Storm, RAM Commander, and Safety Commander. These solutions aim to enhance data security, network monitoring, and reliability prediction for businesses and organizations.
