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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 223,600 shares, a drop of 15.7% from the January 15th total of 265,100 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 184,300 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Alarum Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALAR. Heck Capital Advisors LLC acquired a new position in shares of Alarum Technologies in the 4th quarter valued at about $32,000. Wells Fargo & Company MN lifted its stake in shares of Alarum Technologies by 150.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after purchasing an additional 3,001 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Alarum Technologies in the 4th quarter valued at about $58,000. Virtu Financial LLC acquired a new position in shares of Alarum Technologies in the 4th quarter valued at about $114,000. Finally, XTX Topco Ltd lifted its stake in shares of Alarum Technologies by 55.7% in the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock valued at $115,000 after purchasing an additional 3,870 shares in the last quarter. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th.

Alarum Technologies Price Performance

ALAR opened at $9.30 on Friday. The stock has a market capitalization of $64.45 million, a price-to-earnings ratio of 8.61 and a beta of 0.74. The business has a 50-day moving average of $10.62 and a two-hundred day moving average of $13.22. Alarum Technologies has a 12 month low of $8.97 and a 12 month high of $46.69.

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.