Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Update

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 24,500 shares, a decrease of 47.7% from the June 15th total of 46,879 shares. Based on an average daily trading volume, of 82,817 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Alarum Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in Alarum Technologies by 2,102.9% in the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after purchasing an additional 5,888 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Alarum Technologies in the 2nd quarter valued at $142,000. Renaissance Technologies LLC increased its stake in shares of Alarum Technologies by 34.6% in the 4th quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after buying an additional 4,500 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies during the fourth quarter worth $4,756,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Analyst Upgrades and Downgrades

ALAR has been the topic of several analyst reports. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. Weiss Ratings restated a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. Finally, Canaccord Genuity Group dropped their price objective on shares of Alarum Technologies from $27.00 to $14.00 and set a “buy” rating for the company in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Alarum Technologies Stock Up 4.2%

Shares of NASDAQ:ALAR opened at $2.21 on Wednesday. Alarum Technologies has a 12 month low of $2.08 and a 12 month high of $18.00. The company’s 50-day moving average price is $7.59 and its two-hundred day moving average price is $7.42. The firm has a market cap of $16.24 million, a P/E ratio of 13.81 and a beta of 1.62.

About Alarum Technologies

Alarum Technologies Ltd. provides internet access and web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa. The company operates through two segments, Enterprise Internet Access Solutions and Consumer Internet Access Solutions. The company offers security blanket against ransomware, viruses, phishing, and other online threats, as well as secured and encrypted connection, masking the customers online activity and keeping them safe from hackers.