Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Sees Significant Drop in Short Interest

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 24,500 shares, a drop of 47.7% from the June 15th total of 46,879 shares. Based on an average daily trading volume, of 82,817 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

ALAR has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. Alliance Global Partners reiterated a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. Finally, Canaccord Genuity Group decreased their price objective on Alarum Technologies from $27.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, March 20th. 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 stock. According to data from MarketBeat, Alarum Technologies presently has an average rating of “Hold” and an average price target of $14.00.

Alarum Technologies Trading Down 0.9%

NASDAQ ALAR opened at $2.19 on Thursday. Alarum Technologies has a 1-year low of $2.08 and a 1-year high of $18.00. The firm’s fifty day simple moving average is $7.47 and its 200-day simple moving average is $7.38. The company has a market capitalization of $16.10 million, a PE ratio of 13.69 and a beta of 1.62.

Hedge Funds Weigh In On Alarum Technologies

A number of hedge funds have recently added to or reduced their stakes in ALAR. Altshuler Shaham Ltd bought a new stake in Alarum Technologies in the fourth quarter worth approximately $4,756,000. Renaissance Technologies LLC boosted 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 worth $150,000 after purchasing an additional 4,500 shares in the last quarter. XTX Topco Ltd acquired a new position in Alarum Technologies during the second quarter worth $142,000. Finally, Jones Financial Companies Lllp raised its holdings in Alarum Technologies by 2,102.9% during the first 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 in the last quarter. Institutional investors and hedge funds own 3.23% of the company’s stock.

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.