Cybersecurity has become an increasingly important issue that companies have to address as they continue to develop new platforms and mobile apps. Looking back in years past, hackers were able to steal credit card and personal information from major retailers like Home Depot and Target. As a result, cybersecurity has become more necessary, and instead of developing a dedicated department within a company, most would opt to hire a third-party cybersecurity firm.
The February 12 short interest data have been compared with the previous figures, and short interest for the selected cybersecurity stocks increased.
FireEye Inc. (NASDAQ: FEYE) saw its short interest increase to 16.51 million shares from the previous reading of 14.80 million. Shares closed Wednesday at $15.41, in a 52-week trading range of $11.35 to $55.33.
CyberArk Software Ltd. (NASDAQ: CYBR) saw its short interest jump to 2.52 million shares from the previous level of 2.25 million. Shares closed Wednesday at $35.96, within a 52-week range of $31.50 to $76.35.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) short interest increased to 10.20 million shares from the previous reading of 9.88 million. Shares closed most recently at $82.80, in a 52-week range of $65.09 to $88.49.
Palo Alto Networks Inc. (NYSE: PANW) saw the number of its shares short increase slightly to 4.66 million from the previous level of 4.13 million. Shares closed Wednesday at $127.94, within a 52-week range of $111.09 to $200.55.
Fortinet Inc. (NASDAQ: FTNT) short interest decreased to 8.14 million shares, from its previous reading of 10.25 million. Shares closed Wednesday at $27.30, in a 52-week trading range of $23.16 to $50.31.
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