Short Interest in Allot Communications Ltd (NASDAQ:ALLT) Increases By 56.2%

Allot Communications Ltd (NASDAQ:ALLT) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 44,200 shares, a growth of 56.2% from the October 31st total of 28,300 shares. Based on an average daily volume of 171,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Allot Communications Stock Down 0.7 %

Shares of NASDAQ:ALLT opened at $4.37 on Friday. Allot Communications has a 52-week low of $1.19 and a 52-week high of $4.77. The company has a market capitalization of $167.98 million, a PE ratio of -6.72 and a beta of 1.04. 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 company has a fifty day moving average of $3.48 and a 200-day moving average of $2.97.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALLT. Northland Securities upgraded Allot Communications from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $2.25 to $13.00 in a research note on Monday, August 5th. Northland Capmk upgraded Allot Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, StockNews.com raised shares of Allot Communications from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

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.