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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 24,500 shares, a decline of 47.7% from the June 15th total of 46,879 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 82,817 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Alarum Technologies in the fourth quarter valued at approximately $4,756,000. Renaissance Technologies LLC boosted its position in shares of Alarum Technologies by 34.6% during the fourth 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. XTX Topco Ltd acquired a new position in shares of Alarum Technologies in the 2nd quarter valued at $142,000. Finally, Jones Financial Companies Lllp increased 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 buying an additional 5,888 shares in the last quarter. Institutional investors and hedge funds own 3.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ALAR. Canaccord Genuity Group reduced their target price on shares of Alarum Technologies from $27.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Alarum Technologies in a research note on Thursday, June 18th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Alarum Technologies currently has a consensus rating of “Hold” and an average price target of $14.00.

Alarum Technologies Trading Up 4.2%

Alarum Technologies stock opened at $2.21 on Wednesday. The firm has a market capitalization of $16.24 million, a P/E ratio of 13.81 and a beta of 1.62. Alarum Technologies has a 1 year low of $2.08 and a 1 year high of $18.00. The business has a 50-day moving average of $7.59 and a 200-day moving average of $7.42.

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.