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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 336,500 shares, a decline of 14.7% from the November 15th total of 394,400 shares. Currently, 5.1% of the company’s shares are short sold. Based on an average daily volume of 306,800 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Alliance Global Partners cut their target price on shares of Alarum Technologies from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Canaccord Genuity Group cut their price objective on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th.

Institutional Trading of Alarum Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of Alarum Technologies by 172.2% in the 2nd quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock worth $6,626,000 after acquiring an additional 100,489 shares in the last quarter. Acadian Asset Management LLC grew its stake in Alarum Technologies by 3,652.5% in the second quarter. Acadian Asset Management LLC now owns 107,960 shares of the company’s stock worth $4,493,000 after purchasing an additional 105,083 shares during the period. Altshuler Shaham Ltd bought a new position in Alarum Technologies in the second quarter worth $3,229,000. ARK Investment Management LLC purchased a new position in Alarum Technologies during the third quarter valued at $785,000. Finally, Independent Advisor Alliance purchased a new position in Alarum Technologies during the third quarter valued at $386,000. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Alarum Technologies Trading Up 1.3 %

NASDAQ:ALAR opened at $11.82 on Friday. The company has a 50-day moving average price of $13.58 and a 200-day moving average price of $20.75. The stock has a market cap of $81.20 million, a price-to-earnings ratio of 10.94 and a beta of 0.68. Alarum Technologies has a 12 month low of $4.26 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.