Allot Communications Ltd (NASDAQ:ALLT) Short Interest Up 27.6% in April

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 506,600 shares, a growth of 27.6% from the March 31st total of 396,900 shares. Currently, 1.7% of the company's stock are sold short. Based on an average daily volume of 650,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC increased its stake in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,537 shares of the communications equipment provider's stock after acquiring an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 51.50% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Allot Communications from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Allot Communications Stock Performance

ALLT stock traded up $0.04 during midday trading on Friday, hitting $5.90. 131,267 shares of the company traded hands, compared to its average volume of 393,971. Allot Communications has a twelve month low of $2.02 and a twelve month high of $9.44. The stock has a market capitalization of $233.23 million, a price-to-earnings ratio of -9.08 and a beta of 1.25. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. The business has a 50 day simple moving average of $5.70 and a 200-day simple moving average of $5.75.

Allot Communications (NASDAQ:ALLT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. The firm had revenue of $24.91 million for the quarter, compared to the consensus estimate of $24.40 million. As a group, equities research analysts predict that Allot Communications will post -0.18 earnings per share for the current year.

About Allot Communications

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.