Short Interest in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Expands By 228.1%

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the recipient of a large growth in short interest in 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 shares of the stock are sold short. Based on an average daily trading volume, of 140,169 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Alarum Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in 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 last quarter. Jones Financial Companies Lllp boosted its holdings in Alarum Technologies by 2,102.9% in the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after acquiring an additional 5,888 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Alarum Technologies during the second quarter worth about $142,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Alarum Technologies during the fourth quarter valued at about $4,756,000. 3.23% of the stock is owned by institutional investors.

Alarum Technologies Stock Down 1.1%

ALAR traded down $0.02 during trading hours on Thursday, reaching $1.65. 69,260 shares of the company’s stock traded hands, compared to its average volume of 115,670. The firm has a 50-day moving average price of $3.43 and a 200 day moving average price of $5.97. The firm has a market capitalization of $12.13 million, a PE ratio of 10.32 and a beta of 1.72. Alarum Technologies has a 52-week low of $1.62 and a 52-week high of $18.00.

Wall Street Analyst Weigh In

ALAR has been the subject of several recent research reports. Alliance Global Partners reiterated a “neutral” rating on shares of Alarum Technologies in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alarum Technologies in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.