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

Allot Communications Ltd (NASDAQ:ALLT) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 60,400 shares, a growth of 36.7% from the November 15th total of 44,200 shares. Based on an average daily volume of 205,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Allot Communications Price Performance

ALLT traded down $0.14 on Friday, hitting $5.16. 304,853 shares of the company were exchanged, compared to its average volume of 136,250. The firm has a 50-day moving average price of $3.81 and a two-hundred day moving average price of $3.14. Allot Communications has a twelve month low of $1.39 and a twelve month high of $5.50. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83.

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.