Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Decreases By 23.8%

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 311,000 shares, a decline of 23.8% from the December 15th total of 408,200 shares. Based on an average daily volume of 296,600 shares, the short-interest ratio is presently 1.0 days. Approximately 4.7% of the shares of the company are sold short.

Alarum Technologies Price Performance

Shares of NASDAQ:ALAR opened at $10.32 on Friday. The stock has a market cap of $71.31 million, a P/E ratio of 9.56 and a beta of 0.77. Alarum Technologies has a 1-year low of $8.75 and a 1-year high of $46.69. The firm has a fifty day moving average price of $12.19 and a 200 day moving average price of $16.84.

Institutional Investors Weigh In On Alarum Technologies

Several hedge funds have recently made changes to their positions in ALAR. XTX Topco Ltd increased its position in Alarum Technologies by 55.7% in the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock valued at $115,000 after acquiring an additional 3,870 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Alarum Technologies in the second quarter valued at approximately $164,000. Independent Advisor Alliance purchased a new stake in shares of Alarum Technologies during the third quarter worth approximately $386,000. ARK Investment Management LLC acquired a new stake in shares of Alarum Technologies during the third quarter worth $785,000. Finally, Altshuler Shaham Ltd purchased a new position in Alarum Technologies in the 2nd quarter valued at $3,229,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th.

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.