Allot Communications Ltd (NASDAQ:ALLT) Short Interest Down 13.1% in June

Allot Communications Ltd (NASDAQ:ALLT) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 33,700 shares, a drop of 13.1% from the May 31st total of 38,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 68,200 shares, the short-interest ratio is currently 0.5 days.

Allot Communications Trading Up 4.4 %

Shares of NASDAQ ALLT traded up $0.11 during midday trading on Tuesday, hitting $2.62. The stock had a trading volume of 122,264 shares, compared to its average volume of 72,270. The company’s 50-day simple moving average is $2.16 and its 200 day simple moving average is $2.00. The firm has a market cap of $100.72 million, a P/E ratio of -1.85 and a beta of 1.05. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $3.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.43 and a quick ratio of 2.10.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.10. The company had revenue of $21.89 million during the quarter, compared to analysts’ expectations of $19.10 million. Allot Communications had a negative return on equity of 88.89% and a negative net margin of 57.45%. Research analysts anticipate that Allot Communications will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Allot Communications in a research note on Saturday. They issued a “sell” rating for the company.

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.