Varonis Systems

VRNS

Varonis Systems is a software company with headquarters in New York City with R&D offices in Herzliya, Israel. They developed a security software platform that allows organizations track, visualize, analyze and protect unstructured data. Varonis performs User Behavior Analytics (UBA) that identifies abnormal behavior from cyberattacks. Their software extracts metadata from an enterprise’s IT infrastructure and uses this information to map relationships among employees, data objects, content, and usage.

Varonis Systems has been a target of short sellers for a while. The current short interest of 6.65% is roughly at the average of the last 12 months (6.43%).