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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a large decline in short interest in 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 currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Alarum Technologies

Several hedge funds have recently made changes to their positions in ALAR. Renaissance Technologies LLC lifted its position in shares of Alarum Technologies by 34.6% in 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. Jones Financial Companies Lllp lifted its position in Alarum Technologies by 2,102.9% during the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after buying an additional 5,888 shares in the last quarter. XTX Topco Ltd bought a new stake in Alarum Technologies during the 2nd quarter worth about $142,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Alarum Technologies during the 4th quarter worth about $4,756,000. 3.23% of the stock is owned by institutional investors.

Alarum Technologies Price Performance

ALAR stock opened at $1.81 on Thursday. The stock has a market capitalization of $13.30 million, a P/E ratio of 11.31 and a beta of 1.72. Alarum Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $18.00. The business has a 50-day moving average of $4.99 and a 200-day moving average of $6.38.

Analyst Ratings Changes

Several brokerages have commented on ALAR. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. Weiss Ratings restated a “sell (d)” rating on shares of Alarum Technologies in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

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.