Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Shares Shorted: Short Interest Down 44.2% in September

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 83,751 shares, a decline of 44.2% from the September 15th total of 150,012 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 90,372 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

A number of research firms have weighed in on ALAR. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alarum Technologies in a report on Monday, September 14th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alarum Technologies stock. Altshuler Shaham Ltd purchased a new position in shares of Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 554,363 shares of the company’s stock, valued at approximately $4,756,000. Altshuler Shaham Ltd owned approximately 7.66% of Alarum Technologies at the end of the most recent reporting period. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Alarum Technologies Stock Down 4.3%

Alarum Technologies stock traded down $0.06 during mid-day trading on Friday, hitting $1.33. The company had a trading volume of 29,363 shares, compared to its average volume of 54,786. Alarum Technologies has a 1 year low of $1.16 and a 1 year high of $16.56. The business has a fifty day moving average of $1.70 and a 200 day moving average of $4.64. The stock has a market cap of $9.78 million, a price-to-earnings ratio of 8.31 and a beta of 1.73.

About Alarum Technologies

Alarum Technologies Ltd. is a global provider of internet privacy and cybersecurity solutions. The company develops products designed to help consumers protect their online identity, secure internet connections and access digital content more privately. Its consumer-oriented offerings have included privacy applications and virtual private network services.

Alarum also serves businesses through data acquisition and proxy-network solutions. Its NetNut business provides access to a global network of residential and mobile internet connections, enabling organizations to collect publicly available web data, conduct market research, monitor digital content and support other web intelligence applications.