Hub Cyber Security Ltd. (NASDAQ:HUBC) shares surged 70% to $0.19 in pre-market trading on Friday, after Andre Wang, an investor filed an amended Securities and Exchange Commission (SEC) disclosure revealing a 15.6% beneficial ownership stake in the Tel Aviv-based cybersecurity firm.



<h2>Who’s Buying</h2>



Wang, a U.S.-based individual investor from Alhambra, California, disclosed 200,000 ordinary shares with sole voting and dispositive power.



He joins two other investors who filed on Wednesday. Tyler Kent White of Chandler, Arizona, holds the largest stake with 450,000 shares, representing 35.1% ownership. Jon Matthew Walden of Phoenix, Arizona, reported ownership of 128,022 shares, equal to 9.9%.



All three filers submitted under Schedule 13G, certifying their holdings were not acquired to influence or control the issuer.



<h2>Trading Metrics, Technical Analysis</h2>



Hub Cyber has a market capitalization of just $135,900 with 1.28 million shares outstanding. 



Its short interest stands at 94.9%, indicating heavy bearish positioning. 



The stock’s 52-week range spans $0.10 to $3,322.50, reflecting extreme historical volatility.



The Relative Strength Index (RSI) of HUBC stands at 28.71.



The small-cap stock has dropped 99.99% over the past 12 months.



HUBC is currently trading at about its annual low.



Price Action: The technology stock closed the regular session up 3.77% at $0.11, according to Benzinga Pro data.



Benzinga’s Edge Stock Rankings indicate that HUBC has a negative price trend across all time frames.



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Photo courtesy: Shutterstock 



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



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Hub Cyber Security Ltd. (NASDAQ:HUBC) shares surged 70% to $0.19 in pre-market trading after investor Andre Wang disclosed a 15.6% ownership stake in the company. This follows filings from two other investors, with the largest stake held by Tyler Kent White at 35.1%. Despite the surge, HUBC has dropped 99.99% over the past year and has a market cap of $135,900.

Hub Cyber Security Surges 70% In Pre-Market Trading: Here's Why