Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Down 70.5% in July

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 15,937 shares, a decline of 70.5% from the July 15th total of 53,951 shares. Based on an average daily volume of 125,991 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Alliance Global Partners reissued a “neutral” rating on shares of Alarum Technologies in a research note on Tuesday, July 7th. Weiss Ratings restated a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.00.

Alarum Technologies Trading Up 0.2%

Shares of ALAR stock traded up $0.00 on Friday, hitting $1.83. The stock had a trading volume of 19,448 shares, compared to its average volume of 118,067. Alarum Technologies has a twelve month low of $1.62 and a twelve month high of $18.00. The company has a fifty day moving average price of $4.83 and a two-hundred day moving average price of $6.33. The firm has a market cap of $13.47 million, a P/E ratio of 11.46 and a beta of 1.72.

Institutional Inflows and Outflows

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

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.