Hub Cyber Security Jumps 70% After Investors Disclose Major Stakes
Shares of Hub Cyber Security Ltd. (NASDAQ: HUBC) rocketed roughly 70% to around $0.19 in pre-market trading on Friday, Benzinga reported, after a wave of investor-ownership disclosures landed with U.S. regulators.
Three Investors Trigger the Move
The catalyst was an amended SEC filing from Andre Wang, a private investor based in Alhambra, California. Wang disclosed a 15.6% beneficial ownership stake in the Tel Aviv-based cybersecurity firm, covering 200,000 ordinary shares. He holds sole voting and dispositive power over those shares.
Wang’s disclosure followed two similar filings submitted earlier in the week. Tyler Kent White of Chandler, Arizona, holds the largest reported position among the three, controlling 450,000 shares and representing roughly 35.1% ownership. Jon Matthew Walden of Phoenix, Arizona, disclosed just over 128,000 shares, putting his stake at approximately 9.9%.
All three investors submitted under Schedule 13G, a regulatory form certifying that their holdings were accumulated passively and not for the purpose of influencing or taking control of the company.
A Stock With a Turbulent Past
HUBC’s pre-market pop lands against an extraordinary backdrop. The stock carries a market capitalisation of just under $136,000, with roughly 1.28 million shares outstanding. Its 52-week trading range spans from $0.10 to $3,322.50, a spread that underscores the extreme volatility the name has seen over the past year.
The stock has shed approximately 99.99% of its value over the trailing 12 months and was trading near its annual low heading into Friday’s session. Its Relative Strength Index sat at around 28, a reading that typically signals oversold conditions.
Heavy Short Interest Adds Fuel
One factor amplifying the move is the stock’s short interest, which stood at nearly 95% of the float according to Benzinga. That level of bearish positioning means even modest buying pressure can trigger outsized price swings, as short sellers scramble to cover positions.
The prior regular session closed with HUBC up roughly 3.8% at $0.11. The Hub Cyber Security pre-market surge extends that momentum sharply, though analysts and Benzinga’s own stock-ranking tools had flagged a broadly negative price trend across all timeframes heading into the week.
HUBC’s paper-thin market cap and extreme short interest mean liquidity conditions remain fragile. Whether Friday’s spike carries into regular trading hours will depend heavily on sustained buying volume.
Read Next: What Is a Schedule 13G and Why Does It Move Markets?
