Short Interest in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Expands By 120.2%

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALARGet Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 53,951 shares, an increase of 120.2% from the June 30th total of 24,500 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 762,268 shares, the short-interest ratio is presently 0.1 days.

Alarum Technologies Price Performance

NASDAQ ALAR opened at $1.88 on Tuesday. The firm has a 50-day moving average price of $6.58 and a two-hundred day moving average price of $7.00. Alarum Technologies has a 12-month low of $1.82 and a 12-month high of $18.00. The company has a market capitalization of $13.82 million, a P/E ratio of 11.75 and a beta of 1.62.

Hedge Funds Weigh In On Alarum Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies during the 4th quarter valued at $4,756,000. XTX Topco Ltd acquired a new stake in Alarum Technologies during the second quarter worth about $142,000. Jones Financial Companies Lllp increased its holdings in Alarum Technologies by 2,102.9% in the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after buying an additional 5,888 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Alarum Technologies by 34.6% in the 4th quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 3.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

Read Our Latest Stock Report on Alarum Technologies

About Alarum Technologies

(Get Free Report)

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.

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