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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 52,285 shares, a growth of 228.1% from the July 30th total of 15,937 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 140,169 shares, the short-interest ratio is currently 0.4 days.

Alarum Technologies Price Performance

ALAR remained flat at $1.65 during trading on Friday. 12,826 shares of the company’s stock traded hands, compared to its average volume of 115,198. The company has a 50-day moving average price of $3.28 and a 200-day moving average price of $5.93. Alarum Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $17.25. The company has a market cap of $12.13 million, a price-to-earnings ratio of 10.31 and a beta of 1.72.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted 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 worth $39,000 after buying an additional 5,888 shares during the period. XTX Topco Ltd purchased a new position in shares of Alarum Technologies during the second quarter valued at approximately $142,000. Renaissance Technologies LLC increased its stake 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 valued at $150,000 after buying an additional 4,500 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in shares of Alarum Technologies during the fourth quarter valued at approximately $4,756,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALAR shares. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a research note on Tuesday, July 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Alarum Technologies in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Alarum Technologies presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Alarum Technologies Company Profile

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.