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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 149,472 shares, an increase of 30.8% from the January 29th total of 114,239 shares. Based on an average daily trading volume, of 44,362 shares, the short-interest ratio is presently 3.4 days. Approximately 2.1% of the shares of the stock are short sold. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,362 shares, the short-interest ratio is presently 3.4 days.

Analysts Set New Price Targets

ALAR has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a research note on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating on shares of Alarum Technologies in a research report on Friday, November 28th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.00.

Alarum Technologies Price Performance

Alarum Technologies stock opened at $6.71 on Tuesday. The stock has a market capitalization of $48.58 million, a P/E ratio of 39.47 and a beta of 1.42. Alarum Technologies has a 12-month low of $5.45 and a 12-month high of $18.00. The firm’s 50-day moving average is $7.96 and its two-hundred day moving average is $11.56.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALAR. Altshuler Shaham Ltd acquired a new stake in shares of Alarum Technologies during the fourth quarter worth $4,756,000. Renaissance Technologies LLC boosted its stake in Alarum Technologies by 34.6% in the 4th quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after buying an additional 4,500 shares during the last quarter. XTX Topco Ltd acquired a new stake in Alarum Technologies in the 2nd quarter worth about $142,000. Finally, Jones Financial Companies Lllp grew its holdings 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 valued at $39,000 after buying an additional 5,888 shares during the period. 3.23% of the stock is currently 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.