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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 53,951 shares, a growth of 120.2% from the June 30th total of 24,500 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 762,268 shares, the days-to-cover ratio is currently 0.1 days.

Alarum Technologies Price Performance

NASDAQ:ALAR opened at $1.70 on Thursday. The business’s 50-day simple moving average is $6.35 and its 200-day simple moving average is $6.89. Alarum Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $18.00. The stock has a market capitalization of $12.49 million, a PE ratio of 10.63 and a beta of 1.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALAR. Renaissance Technologies LLC raised its holdings in shares of Alarum Technologies by 34.6% during the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after acquiring an additional 4,500 shares during the period. Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 5,888 shares during the period. XTX Topco Ltd bought a new stake in shares of Alarum Technologies in the second quarter valued at about $142,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies in the fourth quarter valued at about $4,756,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALAR. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alarum Technologies in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alarum Technologies in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.