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

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

Institutional Investors Weigh In On Alarum Technologies

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

Alarum Technologies Stock Up 1.6 %

Alarum Technologies stock opened at $10.46 on Wednesday. Alarum Technologies has a 12 month low of $8.75 and a 12 month high of $46.69. The stock has a market cap of $72.32 million, a P/E ratio of 9.69 and a beta of 0.77. The company’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $16.89.

Analyst Upgrades and Downgrades

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

Alarum Technologies Company Profile

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.