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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 187,900 shares, a decline of 19.1% from the February 13th total of 232,400 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 147,100 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Alarum Technologies

Hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in Alarum Technologies in the 4th quarter valued at approximately $32,000. Wells Fargo & Company MN lifted its position in Alarum Technologies by 150.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock worth $53,000 after purchasing an additional 3,001 shares during the period. National Bank of Canada FI acquired a new stake in Alarum Technologies during the fourth quarter worth $58,000. Virtu Financial LLC bought a new stake in Alarum Technologies in the 4th quarter valued at $114,000. Finally, XTX Topco Ltd raised 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 buying an additional 3,870 shares in the last quarter. Institutional investors own 3.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target 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.

Alarum Technologies Price Performance

NASDAQ:ALAR opened at $8.10 on Wednesday. The stock has a market cap of $56.17 million, a P/E ratio of 7.50 and a beta of 0.69. The company has a fifty day moving average price of $8.90 and a 200 day moving average price of $11.22. Alarum Technologies has a one year low of $5.86 and a one year 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.