Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Down 15.7% in January

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 223,600 shares, a drop of 15.7% from the January 15th total of 265,100 shares. Based on an average trading volume of 184,300 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.4% of the company’s shares are short sold.

Alarum Technologies Stock Performance

Shares of Alarum Technologies stock opened at $9.30 on Friday. The stock has a 50 day moving average of $10.62 and a 200 day moving average of $13.29. The firm has a market capitalization of $64.45 million, a price-to-earnings ratio of 8.61 and a beta of 0.74. Alarum Technologies has a fifty-two week low of $8.97 and a fifty-two week high of $46.69.

Analysts Set New Price Targets

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

Institutional Trading of Alarum Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ALAR. Heck Capital Advisors LLC purchased a new position in Alarum Technologies during the fourth quarter worth about $32,000. Wells Fargo & Company MN lifted its holdings in shares of 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 acquiring an additional 3,001 shares during the last quarter. XTX Topco Ltd boosted its position 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 period. National Bank of Canada FI acquired a new stake in Alarum Technologies in the 4th quarter valued at approximately $58,000. Finally, Virtu Financial LLC purchased a new stake in Alarum Technologies in the fourth quarter valued at approximately $114,000. 3.23% of the stock is owned by institutional investors and hedge funds.

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.