Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Stock Short Interest Declines 44.2%

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 83,751 shares, a decrease of 44.2% from the September 15th total of 150,012 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 90,372 shares, the days-to-cover ratio is currently 0.9 days.

Alarum Technologies Stock Performance

NASDAQ:ALAR traded down $0.01 during trading hours on Thursday, hitting $1.39. The company’s stock had a trading volume of 4,472 shares, compared to its average volume of 118,977. The business’s 50-day moving average is $1.73 and its two-hundred day moving average is $4.69. The company has a market capitalization of $10.22 million, a PE ratio of 8.91 and a beta of 1.73. Alarum Technologies has a 52-week low of $1.16 and a 52-week high of $16.56.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. Weiss Ratings reissued 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alarum Technologies presently has an average rating of “Hold” and an average price target of $14.00.

Institutional Investors Weigh In On Alarum Technologies

An institutional investor recently bought a new stake in Alarum Technologies stock. Altshuler Shaham Ltd acquired a new stake in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 554,363 shares of the company’s stock, valued at approximately $4,756,000. Altshuler Shaham Ltd owned 7.66% of Alarum Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 3.23% of the company’s stock.

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.