Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Update

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 187,900 shares, a drop of 19.1% from the February 13th total of 232,400 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average trading volume of 147,100 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on shares of Alarum Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th.

Institutional Trading of Alarum Technologies

A number of hedge funds have recently made changes to their positions in ALAR. Heck Capital Advisors LLC purchased a new position in shares of Alarum Technologies in the fourth quarter valued at $32,000. Wells Fargo & Company MN lifted its holdings in Alarum Technologies by 150.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock worth $53,000 after buying an additional 3,001 shares in the last quarter. XTX Topco Ltd boosted 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 buying an additional 3,870 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Alarum Technologies during the fourth quarter valued at about $58,000. Finally, Virtu Financial LLC acquired a new stake in shares of Alarum Technologies during the fourth quarter valued at about $114,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Stock Performance

Alarum Technologies stock opened at $8.04 on Thursday. The firm has a market capitalization of $55.75 million, a PE ratio of 7.44 and a beta of 0.69. Alarum Technologies has a one year low of $5.86 and a one year high of $46.69. The stock’s 50 day moving average price is $8.84 and its 200 day moving average price is $11.20.

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.