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Short interest in Allot Communications Ltd (NASDAQ:ALLT) fell 39.3% in December.

Short interest in Allot Communications Ltd (NASDAQ:ALLT) fell 39.3% in December.

During December, there was a significant decline in the number of short positions taken in Allot Communications Ltd. (NASDAQ: ALLT). There were 189,500 shares borrowed as of December 15th, but as of December 30th, there were only 115,000 shares borrowed, which is a decrease of 39.3% from December 15th’s total of 189,500 borrowed shares. At any given time, approximately 0.4% of the total number of shares issued by the company are sold short. The days-to-cover ratio is currently at 0.5 days, which can be calculated based on an average trading volume of 221,100 shares. This number can be found in the table below.

A recent transaction that involved an institutional investor led to an increased holding of shares of Allot Communications, which resulted in an increased holding of shares. Ancora Advisors LLC increased the percentage of its holdings in Allot Communications Ltd (NASDAQ: ALLT) by 56.2% during the first quarter of this year, as indicated by the most recent SEC filing made by the company. Following the completion of the period, the institutional investor’s investment portfolio contains 25,392 shares of the communications equipment provider’s stock. This figure represents an increase of 9,140 new shares throughout the period. At the end of the most recent financial quarter, Ancora Advisors LLC’s holdings were $406,000, representing 0.07% of Allot Communications’ shares. Most of the company’s stock is owned by institutional investors and hedge funds, which account for 69.49% of the company’s total shares.

Investigations into ALLT have been carried out, and the findings have been published in various research and analyst journals. In a research report published on November 17th, Needham & Company LLC lowered their “buy” rating and price target on Allot Communications from $6.50 to $6.00. Additionally, the price target remained the same. In a research note published on November 16th, Northland Securities announced that they would be downgrading their rating on Allot Communications stock from “outperform” to “market perform.” Additionally, they would be lowering their price objective for the stock from $19.00 to $12.00. On Wednesday, October 12th, StockNews.com announced the launch of its coverage of shares of Allot Communications by publishing a research report. This publication marked the first day of coverage. They advised their clients to “hold” the stock moving forward. T

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