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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 223,600 shares, a decrease of 15.7% from the January 15th total of 265,100 shares. Based on an average daily trading volume, of 184,300 shares, the days-to-cover ratio is currently 1.2 days. Currently, 3.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective 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 Inflows and Outflows

Several large investors have recently bought and sold shares of ALAR. Heck Capital Advisors LLC bought a new position in Alarum Technologies during the fourth quarter valued at about $32,000. Wells Fargo & Company MN boosted its stake in Alarum Technologies by 150.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after buying an additional 3,001 shares in the last quarter. National Bank of Canada FI bought a new position in Alarum Technologies during the fourth quarter valued at about $58,000. Virtu Financial LLC bought a new position in Alarum Technologies during the fourth quarter valued at about $114,000. Finally, XTX Topco Ltd boosted its stake in Alarum Technologies by 55.7% during the third 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.

Alarum Technologies Stock Performance

Shares of ALAR opened at $9.30 on Friday. The stock’s fifty day moving average is $10.62 and its 200-day moving average is $13.22. Alarum Technologies has a one year low of $8.97 and a one year high of $46.69. The firm has a market capitalization of $64.45 million, a price-to-earnings ratio of 8.61 and a beta of 0.74.

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.