Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Sees Large Drop in Short Interest

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

Alarum Technologies Stock Performance

Shares of Alarum Technologies stock traded down $0.01 on Friday, hitting $2.17. The company’s stock had a trading volume of 44,264 shares, compared to its average volume of 114,673. Alarum Technologies has a 1 year low of $2.08 and a 1 year high of $18.00. The firm has a fifty day moving average price of $7.36 and a 200-day moving average price of $7.34. The company has a market capitalization of $15.91 million, a price-to-earnings ratio of 13.53 and a beta of 1.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake 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 acquiring an additional 5,888 shares during the period. XTX Topco Ltd acquired a new position in Alarum Technologies during the second quarter worth $142,000. Renaissance Technologies LLC raised its position in 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 acquiring an additional 4,500 shares during the period. Finally, Altshuler Shaham Ltd purchased a new position in Alarum Technologies during the fourth quarter valued at $4,756,000. 3.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a research report on Tuesday, July 7th. Finally, Canaccord Genuity Group dropped their price objective 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. 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 company’s stock. According to MarketBeat, Alarum Technologies currently has a consensus 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.