Short Interest in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Expands By 120.2%

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 53,951 shares, a growth of 120.2% from the June 30th total of 24,500 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 762,268 shares, the days-to-cover ratio is presently 0.1 days.

Alarum Technologies Stock Down 7.9%

Shares of NASDAQ:ALAR traded down $0.14 during trading on Wednesday, hitting $1.65. 43,175 shares of the stock traded hands, compared to its average volume of 115,644. The company has a fifty day moving average price of $6.46 and a two-hundred day moving average price of $6.95. Alarum Technologies has a 52-week low of $1.71 and a 52-week high of $18.00. The company has a market cap of $12.11 million, a price-to-earnings ratio of 10.25 and a beta of 1.62.

Institutional Investors Weigh In On Alarum Technologies

Several hedge funds have recently modified their holdings of ALAR. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 5,888 shares in the last quarter. XTX Topco Ltd purchased a new position in Alarum Technologies during the second quarter worth approximately $142,000. Renaissance Technologies LLC grew its holdings in Alarum Technologies by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after purchasing an additional 4,500 shares during the period. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Alarum Technologies in the fourth quarter valued at approximately $4,756,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alarum Technologies in a report on Thursday, June 18th. Alliance Global Partners reiterated a “neutral” rating on shares of Alarum Technologies in a research note on Tuesday, July 7th. One equities 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 company’s stock. According to data from MarketBeat, the stock 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.