Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Up 30.8% in February

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 149,472 shares, an increase of 30.8% from the January 29th total of 114,239 shares. Based on an average trading volume of 44,362 shares, the short-interest ratio is currently 3.4 days. Currently, 2.1% of the shares of the company are short sold. Currently, 2.1% of the shares of the company are short sold. Based on an average trading volume of 44,362 shares, the short-interest ratio is currently 3.4 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALAR. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a report on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating on shares of Alarum Technologies in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Alarum Technologies has an average rating of “Hold” and a consensus price target of $22.00.

Alarum Technologies Trading Down 2.5%

Shares of NASDAQ:ALAR opened at $6.51 on Monday. The firm has a 50 day moving average of $7.98 and a 200-day moving average of $11.63. Alarum Technologies has a 12 month low of $5.45 and a 12 month high of $18.00. The stock has a market capitalization of $47.13 million, a PE ratio of 38.29 and a beta of 1.42.

Institutional Investors Weigh In On Alarum Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Alarum Technologies by 2,102.9% during the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after purchasing an additional 5,888 shares during the period. XTX Topco Ltd bought a new stake in shares of Alarum Technologies in the 2nd quarter valued at about $142,000. Renaissance Technologies LLC increased its stake in shares of Alarum Technologies by 34.6% in the fourth 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 during the period. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Alarum Technologies in the fourth quarter valued at about $4,756,000. 3.23% of the stock is currently owned by institutional investors.

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.