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 during 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. Based on an average daily volume of 762,268 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Alarum Technologies

A number of large investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd bought a new position in Alarum Technologies during the fourth quarter worth $4,756,000. Renaissance Technologies LLC boosted its holdings in shares of Alarum Technologies by 34.6% during 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 period. XTX Topco Ltd acquired a new position in Alarum Technologies in the 2nd quarter valued at about $142,000. Finally, 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 buying an additional 5,888 shares during the last quarter. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Stock Performance

Alarum Technologies stock opened at $1.88 on Tuesday. The stock has a 50-day simple moving average of $6.58 and a 200 day simple moving average of $7.00. The stock has a market capitalization of $13.82 million, a P/E ratio of 11.75 and a beta of 1.62. Alarum Technologies has a 52 week low of $1.82 and a 52 week high of $18.00.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a research report on Tuesday, July 7th. Weiss Ratings reissued 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently 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.