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Israeli Firm HUB Cyber Security Spikes 165% on Cyber Attack Threat
$HUB Cyber Security (HUBC.US)$ stock are up by about 165% today. This price action follows the events of the Israel-Hamas conflict over the weekend. The cybersecurity company, which is based in Israel, is likely reacting in response to possible cyberattacks of companies based in the country.
HUBC stock’s movement is interesting, as many had expected Israel-based companies to fall instead of rise. According to U.S. intelligence, there have not yet been any “major cyber campaigns” as part of the conflict. Still, The Jerusalem Post has reported that it has been the recipient of “sustained” and “coordinated” cyberattacks.
HUBC stock’s movement is interesting, as many had expected Israel-based companies to fall instead of rise. According to U.S. intelligence, there have not yet been any “major cyber campaigns” as part of the conflict. Still, The Jerusalem Post has reported that it has been the recipient of “sustained” and “coordinated” cyberattacks.
What’s more, HUBC carried a short interest as a percentage of float of just 0.7% as of Sept 15. This suggests that today’s price incline is largely due to outright buying instead of short covering.
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