Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Increases By 21.3%

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 408,200 shares, an increase of 21.3% from the November 30th total of 336,500 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 293,900 shares, the days-to-cover ratio is presently 1.4 days.

Alarum Technologies Trading Down 1.7 %

NASDAQ ALAR traded down $0.20 during trading on Friday, reaching $11.50. 135,278 shares of the company’s stock were exchanged, compared to its average volume of 338,894. Alarum Technologies has a fifty-two week low of $5.90 and a fifty-two week high of $46.69. The company’s fifty day simple moving average is $13.28 and its 200-day simple moving average is $18.91. The firm has a market capitalization of $79.37 million, a PE ratio of 10.65 and a beta of 0.68.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Alarum Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd lifted its holdings in 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 purchasing an additional 3,870 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Alarum Technologies during the 3rd quarter worth $386,000. ARK Investment Management LLC acquired a new position in Alarum Technologies in the 3rd quarter valued at $785,000. Gordian Capital Singapore Pte Ltd bought a new position in Alarum Technologies in the 2nd quarter worth $164,000. Finally, Altshuler Shaham Ltd acquired a new position in Alarum Technologies during the 2nd quarter worth $3,229,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

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.