Short Interest in Allot Communications Ltd (NASDAQ:ALLT) Increases By 30.1%

Allot Communications Ltd (NASDAQ:ALLT) was the target of a significant growth in short interest in 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. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 305,500 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

Allot Communications Stock Up 8.6 %

Shares of NASDAQ:ALLT traded up $0.47 during midday trading on Friday, hitting $5.92. 892,128 shares of the stock were exchanged, compared to its average volume of 159,042. The company has a market capitalization of $227.58 million, a PE ratio of -9.11 and a beta of 1.09. Allot Communications has a 52-week low of $1.45 and a 52-week high of $5.95. 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 business’s fifty day simple moving average is $4.27 and its two-hundred day simple moving average is $3.37.

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.