Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Drops By 23.8%

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 311,000 shares, a decline of 23.8% from the December 15th total of 408,200 shares. Based on an average daily volume of 296,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 4.7% of the shares of the company are sold short.

Institutional Trading of Alarum Technologies

Several hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in shares of Alarum Technologies by 55.7% during the third quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock worth $115,000 after purchasing an additional 3,870 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Alarum Technologies in the 2nd quarter valued at approximately $164,000. Independent Advisor Alliance acquired a new position in Alarum Technologies during the third quarter worth $386,000. ARK Investment Management LLC acquired a new position in shares of Alarum Technologies during the 3rd quarter worth $785,000. Finally, Altshuler Shaham Ltd purchased a new position in Alarum Technologies in the second quarter valued at about $3,229,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th.

Alarum Technologies Stock Performance

Alarum Technologies stock opened at $10.46 on Wednesday. The firm has a 50 day moving average price of $12.24 and a 200 day moving average price of $16.89. Alarum Technologies has a fifty-two week low of $8.75 and a fifty-two week high of $46.69. The company has a market capitalization of $72.32 million, a PE ratio of 9.69 and a beta of 0.77.

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.