Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Drops By 23.8%

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 311,000 shares, a decline of 23.8% from the December 15th total of 408,200 shares. Based on an average daily volume of 296,600 shares, the days-to-cover ratio is presently 1.0 days. Currently, 4.7% of the shares of the company are short sold.

Alarum Technologies Stock Performance

Shares of NASDAQ ALAR opened at $10.32 on Friday. Alarum Technologies has a one year low of $8.75 and a one year high of $46.69. The firm has a market capitalization of $71.31 million, a P/E ratio of 9.56 and a beta of 0.77. The company’s fifty day moving average is $12.19 and its two-hundred day moving average is $16.84.

Institutional Trading of Alarum Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new position in Alarum Technologies in the second quarter valued at about $164,000. XTX Topco Ltd acquired a new stake in shares of Alarum Technologies in the 2nd quarter worth approximately $290,000. Independent Advisor Alliance acquired a new stake in shares of Alarum Technologies in the 3rd quarter worth approximately $386,000. ARK Investment Management LLC purchased a new position in Alarum Technologies in the 3rd quarter valued at approximately $785,000. Finally, Altshuler Shaham Ltd acquired a new position in Alarum Technologies during the second quarter worth $3,229,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut 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.

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.