Tufin Software Technologies Ltd (NYSE:TUFN) Short Interest Up 24.5% in December
Tufin Software Technologies Ltd (NYSE:TUFN) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,010,000 shares, an increase of 24.5% from the December 15th total of 811,300 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 396,800 shares, the short-interest ratio is currently 2.5 days.
NYSE:TUFN traded up $0.11 on Tuesday, hitting $14.21. The company had a trading volume of 385,400 shares, compared to its average volume of 767,744. The firm has a 50 day moving average of $16.90 and a two-hundred day moving average of $18.77. Tufin Software Technologies has a 52 week low of $11.65 and a 52 week high of $31.04.
Tufin Software Technologies (NYSE:TUFN) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The business had revenue of $25.60 million during the quarter, compared to the consensus estimate of $25.16 million. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The company’s revenue was up 32.6% on a year-over-year basis. As a group, analysts expect that Tufin Software Technologies will post -0.9 EPS for the current year.
A number of large investors have recently modified their holdings of the stock. Barclays PLC bought a new position in Tufin Software Technologies in the 3rd quarter valued at approximately $25,000. Tower Research Capital LLC TRC bought a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $44,000. Wells Fargo & Company MN acquired a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $176,000. BlackRock Inc. acquired a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $180,000. Finally, Morgan Stanley acquired a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $213,000. 27.34% of the stock is owned by institutional investors and hedge funds.
About Tufin Software Technologies
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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