What’s Next for Cyberark Software Limited Ord After Having Less Shares Shorted?

The stock of Cyberark Software Limited Ord (NASDAQ:CYBR) registered a decrease of 23.92% in short interest. CYBR’s total short interest was 1.15 million shares in October as published by FINRA. Its down 23.92% from 1.51M shares, reported previously. With 510,700 shares average volume, it will take short sellers 2 days to cover their CYBR’s short positions. The short interest to Cyberark Software Limited Ord’s float is 4.11%.

About 184,869 shares traded. Cyberark Software Ltd (NASDAQ:CYBR) has risen 9.69% since October 18, 2016 and is uptrending. It has underperformed by 7.01% the S&P500.

CyberArk Software Ltd is an Israel-based well-known provider of information technology security solutions that protects organizations from cyber-attacks. The company has market cap of $1.49 billion. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. It has a 54.95 P/E ratio. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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