The stock of Allot Communications Limited Ord (NASDAQ:ALLT) registered an increase of 7.88% in short interest. ALLT’s total short interest was 761,000 shares in September as published by FINRA. Its up 7.88% from 705,400 shares, reported previously. With 166,200 shares average volume, it will take short sellers 5 days to cover their ALLT’s short positions. The short interest to Allot Communications Limited Ord’s float is 2.7%. The stock increased 0.58% or $0.03 on September 13, hitting $5.2. About 218,161 shares traded hands or 67.93% up from the average. Allot Communications Ltd (NASDAQ:ALLT) has risen 4.44% since February 8, 2016 and is uptrending. It has underperformed by 12.04% the S&P500.
Allot Communications Ltd. is a global well-known provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The company has a market cap of $653.85 million. The Firm has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions. It currently has negative earnings. The Company’s integrated solutions include analytics, traffic management, video caching and optimization, policy control and charging, service enablement and security solutions.
The institutional sentiment decreased to 0.52 in Q2 2016. Its down 0.34, from 0.86 in 2016Q1. The ratio fall, as 8 funds sold all Allot Communications Ltd shares owned while 13 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 12.53 million shares or 9.83% more from 11.41 million shares in 2016Q1.
P.A.W. Capital Corp holds 6.28% of its portfolio in Allot Communications Ltd for 1.12 million shares. G2 Investment Partners Management Llc owns 138,772 shares or 0.32% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 0.24% invested in the company for 86,393 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 0.21% in the stock. Menora Mivtachim Holdings Ltd., a Israel-based fund reported 642,539 shares.
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