Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Up 30.8% in February

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 149,472 shares, a growth of 30.8% from the January 29th total of 114,239 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 44,362 shares, the short-interest ratio is presently 3.4 days. Based on an average trading volume of 44,362 shares, the short-interest ratio is presently 3.4 days. Currently, 2.1% of the company’s stock are sold short.

Analysts Set New Price Targets

ALAR has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Alarum Technologies in a research note on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Alarum Technologies in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.00.

Institutional Investors Weigh In On Alarum Technologies

A number of large investors have recently added to or reduced their stakes in ALAR. Altshuler Shaham Ltd acquired a new stake in Alarum Technologies during the 4th quarter valued at $4,756,000. Renaissance Technologies LLC raised its position in shares of Alarum Technologies by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after purchasing an additional 4,500 shares during the period. XTX Topco Ltd acquired a new stake in shares of Alarum Technologies during the 2nd quarter worth about $142,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Alarum Technologies by 2,102.9% during the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after buying an additional 5,888 shares during the period. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Stock Performance

Shares of ALAR stock opened at $6.51 on Monday. Alarum Technologies has a 52-week low of $5.45 and a 52-week high of $18.00. The stock has a market cap of $47.13 million, a price-to-earnings ratio of 38.29 and a beta of 1.42. The firm’s 50-day moving average is $7.98 and its 200-day moving average is $11.63.

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.