Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Update

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 15,937 shares, a decline of 70.5% from the July 15th total of 53,951 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 125,991 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Alarum Technologies

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised 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 valued at $150,000 after buying an additional 4,500 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 worth $39,000 after acquiring an additional 5,888 shares during the period. XTX Topco Ltd acquired a new stake in Alarum Technologies in the second quarter valued at approximately $142,000. Finally, Altshuler Shaham Ltd acquired a new stake in Alarum Technologies in the fourth quarter valued at approximately $4,756,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALAR. Weiss Ratings reissued a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a research report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.00.

Alarum Technologies Price Performance

NASDAQ ALAR traded down $0.02 during trading hours on Friday, hitting $1.81. The company had a trading volume of 51,897 shares, compared to its average volume of 142,076. The firm’s 50 day moving average is $4.69 and its 200 day moving average is $6.30. Alarum Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $18.00. The company has a market capitalization of $13.30 million, a price-to-earnings ratio of 11.31 and a beta of 1.72.

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.