Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Shares Shorted: Short Interest Down 44.2% in September

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 83,751 shares, a decrease of 44.2% from the September 15th total of 150,012 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 90,372 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alarum Technologies in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Trading of Alarum Technologies

A hedge fund recently bought a new position in Alarum Technologies stock. Altshuler Shaham Ltd acquired a new stake in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 554,363 shares of the company’s stock, valued at approximately $4,756,000. Altshuler Shaham Ltd owned about 7.66% of Alarum Technologies at the end of the most recent quarter. 3.23% of the stock is currently owned by institutional investors.

Alarum Technologies Price Performance

Shares of NASDAQ ALAR opened at $1.39 on Friday. The company has a market cap of $10.22 million, a price-to-earnings ratio of 8.69 and a beta of 1.73. The stock’s 50-day moving average is $1.72 and its two-hundred day moving average is $4.66. Alarum Technologies has a 1-year low of $1.16 and a 1-year high of $16.56.

Alarum Technologies Company Profile

Alarum Technologies Ltd. is a global provider of internet privacy and cybersecurity solutions. The company develops products designed to help consumers protect their online identity, secure internet connections and access digital content more privately. Its consumer-oriented offerings have included privacy applications and virtual private network services.

Alarum also serves businesses through data acquisition and proxy-network solutions. Its NetNut business provides access to a global network of residential and mobile internet connections, enabling organizations to collect publicly available web data, conduct market research, monitor digital content and support other web intelligence applications.