Short Interest in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Drops By 70.5%

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a large decline in short interest in the month of 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. Based on an average daily trading volume, of 125,991 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in Alarum Technologies by 2,102.9% in the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after purchasing an additional 5,888 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Alarum Technologies during the second quarter worth $142,000. Renaissance Technologies LLC grew its holdings in shares of Alarum Technologies by 34.6% in 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. Finally, Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies in the 4th quarter valued at $4,756,000. Institutional investors own 3.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Alarum Technologies in a report on Thursday, June 18th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Alarum Technologies currently has a consensus rating of “Hold” and an average price target of $14.00.

Alarum Technologies Trading Down 0.5%

Shares of ALAR opened at $1.81 on Thursday. Alarum Technologies has a 1 year low of $1.62 and a 1 year high of $18.00. The stock has a market cap of $13.30 million, a P/E ratio of 11.31 and a beta of 1.72. The stock’s 50-day moving average price is $4.99 and its two-hundred day moving average price is $6.38.

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.