Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Up 228.1% in August

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a large growth in short interest during 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. Based on an average trading volume of 140,169 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Alarum Technologies in a report on Thursday, June 18th. Alliance Global Partners restated a “neutral” rating on shares of Alarum Technologies in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Investors Weigh In On Alarum Technologies

Several large investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd purchased a new position in Alarum Technologies in the 4th quarter valued at approximately $4,756,000. Renaissance Technologies LLC raised its stake in shares of Alarum Technologies by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after acquiring an additional 4,500 shares in the last quarter. XTX Topco Ltd purchased a new position in Alarum Technologies in the second quarter valued at $142,000. Finally, Jones Financial Companies Lllp boosted its holdings in Alarum Technologies by 2,102.9% in the first 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. 3.23% of the stock is owned by hedge funds and other institutional investors.

Alarum Technologies Price Performance

NASDAQ ALAR opened at $1.62 on Friday. The company has a market cap of $11.91 million, a P/E ratio of 10.13 and a beta of 1.72. The stock has a 50-day moving average of $3.13 and a two-hundred day moving average of $5.90. Alarum Technologies has a 1-year low of $1.62 and a 1-year high of $17.25.

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.