Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Increases By 21.3%

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 408,200 shares, a growth of 21.3% from the November 30th total of 336,500 shares. Currently, 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 293,900 shares, the short-interest ratio is presently 1.4 days.

Alarum Technologies Stock Performance

Shares of ALAR opened at $11.25 on Tuesday. Alarum Technologies has a 52 week low of $6.98 and a 52 week high of $46.69. The stock has a market capitalization of $77.65 million, a price-to-earnings ratio of 10.42 and a beta of 0.68. The stock has a fifty day moving average of $13.28 and a 200-day moving average of $18.77.

Institutional Investors Weigh In On Alarum Technologies

Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its position in shares of Alarum Technologies by 55.7% during the third quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock worth $115,000 after acquiring an additional 3,870 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Alarum Technologies during the 3rd quarter valued at about $386,000. ARK Investment Management LLC acquired a new stake in Alarum Technologies during the third quarter worth approximately $785,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Alarum Technologies during the 2nd quarter worth approximately $164,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies in the 2nd quarter valued at $3,229,000. 3.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th.

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.