Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Sees Significant Growth in Short Interest

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 52,285 shares, a growth of 228.1% from the July 30th total of 15,937 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 140,169 shares, the days-to-cover ratio is presently 0.4 days.

Alarum Technologies Stock Down 1.1%

NASDAQ:ALAR traded down $0.02 during trading hours on Thursday, hitting $1.65. 69,260 shares of the stock traded hands, compared to its average volume of 115,670. Alarum Technologies has a 1 year low of $1.62 and a 1 year high of $18.00. The company has a market cap of $12.13 million, a price-to-earnings ratio of 10.32 and a beta of 1.72. The stock has a 50 day moving average price of $3.43 and a 200 day moving average price of $5.97.

Hedge Funds Weigh In On Alarum Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ALAR. Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies in the fourth quarter worth about $4,756,000. Renaissance Technologies LLC boosted its stake in Alarum Technologies by 34.6% during 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 last quarter. XTX Topco Ltd purchased a new position in Alarum Technologies during the 2nd quarter valued at approximately $142,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Alarum Technologies by 2,102.9% during the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after acquiring an additional 5,888 shares in the last quarter. Institutional investors own 3.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.