Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 176,200 shares, a decrease of 51.2% from the August 15th total of 361,100 shares. Based on an average daily trading volume, of 141,900 shares, the short-interest ratio is currently 1.2 days. Currently, 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. Cowen Prime Advisors LLC lifted its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,339 shares of the communications equipment provider’s stock after purchasing an additional 6,425 shares during the period. Cowen Prime Advisors LLC owned about 0.28% of Allot Communications worth $280,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 56.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALLT. Lake Street Capital decreased their price objective on shares of Allot Communications from $3.50 to $3.00 in a research report on Tuesday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $4.00 price objective on shares of Allot Communications in a research report on Friday, September 1st. StockNews.com cut shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Northland Securities cut shares of Allot Communications from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $8.00 to $3.00 in a research report on Friday, September 1st.

Allot Communications Stock Performance

Shares of ALLT stock opened at $2.27 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.93 and a current ratio of 2.27. Allot Communications has a one year low of $2.08 and a one year high of $4.69. The company’s 50-day simple moving average is $2.49 and its 200-day simple moving average is $2.70. The stock has a market capitalization of $84.94 million, a price-to-earnings ratio of -1.64 and a beta of 1.04.

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.