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

Allot Communications Ltd (NASDAQ:ALLT) saw a significant 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. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 475,000 shares, the short-interest ratio is presently 0.4 days.

Allot Communications Stock Up 5.2 %

ALLT opened at $7.87 on Tuesday. The firm’s 50 day simple moving average is $4.92 and its two-hundred day simple moving average is $3.70. The company has a market capitalization of $302.54 million, a PE ratio of -12.11 and a beta of 1.00. Allot Communications has a 1-year low of $1.46 and a 1-year high of $8.15. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC grew its stake in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the fourth quarter, according to the company in 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 buying an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. 51.50% of the stock is owned by institutional investors and hedge funds.

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.