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

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 336,500 shares, a decline of 14.7% from the November 15th total of 394,400 shares. Based on an average trading volume of 306,800 shares, the days-to-cover ratio is currently 1.1 days. Approximately 5.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Canaccord Genuity Group dropped their target price on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Alliance Global Partners lowered their target price on shares of Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 26th.

Hedge Funds Weigh In On Alarum Technologies

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

Alarum Technologies Trading Up 1.3 %

Shares of ALAR opened at $11.82 on Monday. The firm has a market capitalization of $81.20 million, a P/E ratio of 10.94 and a beta of 0.68. Alarum Technologies has a 12-month low of $4.26 and a 12-month high of $46.69. The firm has a fifty day moving average price of $13.58 and a 200-day moving average price of $20.51.

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.