Alarum Technologies Ltd. (NASDAQ:ALAR) Sees Significant Decrease in Short Interest

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a significant 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. Based on an average trading volume of 184,300 shares, the short-interest ratio is presently 1.2 days. Approximately 3.4% of the company’s stock are sold short.

Alarum Technologies Stock Down 3.2 %

Shares of Alarum Technologies stock opened at $9.30 on Friday. Alarum Technologies has a 52-week low of $8.97 and a 52-week high of $46.69. The company has a 50 day moving average of $10.62 and a 200 day moving average of $13.29. The company has a market capitalization of $64.45 million, a P/E ratio of 8.61 and a beta of 0.74.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Alarum Technologies

Institutional investors have recently modified their holdings of the company. ARK Investment Management LLC acquired a new stake in Alarum Technologies in the third quarter valued at $785,000. Acuitas Investments LLC acquired a new stake in shares of Alarum Technologies during the 4th quarter worth about $595,000. Independent Advisor Alliance purchased a new stake in Alarum Technologies during the third quarter worth approximately $386,000. Jane Street Group LLC acquired a new position in Alarum Technologies in the fourth quarter valued at approximately $158,000. Finally, Marshall Wace LLP purchased a new position in Alarum Technologies in the fourth quarter valued at approximately $116,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

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.