Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Stock Short Interest Declines 44.2%

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 83,751 shares, a drop of 44.2% from the September 15th total of 150,012 shares. Based on an average daily trading volume, of 90,372 shares, the short-interest ratio is presently 0.9 days. Approximately 1.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Alarum Technologies in a research report on Monday, September 14th. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

Hedge Funds Weigh In On Alarum Technologies

A hedge fund recently bought a new stake in Alarum Technologies stock. Altshuler Shaham Ltd purchased a new stake in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 554,363 shares of the company’s stock, valued at approximately $4,756,000. Altshuler Shaham Ltd owned approximately 7.66% of Alarum Technologies at the end of the most recent reporting period. 3.23% of the stock is owned by hedge funds and other institutional investors.

Alarum Technologies Stock Performance

NASDAQ ALAR traded down $0.01 during trading hours on Thursday, reaching $1.39. The company’s stock had a trading volume of 4,472 shares, compared to its average volume of 118,977. The stock has a market cap of $10.22 million, a PE ratio of 8.91 and a beta of 1.73. Alarum Technologies has a fifty-two week low of $1.16 and a fifty-two week high of $16.56. The company’s 50-day moving average is $1.73 and its two-hundred day moving average is $4.69.

About Alarum Technologies

Alarum Technologies Ltd. is a global provider of internet privacy and cybersecurity solutions. The company develops products designed to help consumers protect their online identity, secure internet connections and access digital content more privately. Its consumer-oriented offerings have included privacy applications and virtual private network services.

Alarum also serves businesses through data acquisition and proxy-network solutions. Its NetNut business provides access to a global network of residential and mobile internet connections, enabling organizations to collect publicly available web data, conduct market research, monitor digital content and support other web intelligence applications.