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

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

Alarum Technologies Price Performance

ALAR opened at $8.10 on Wednesday. The company has a market capitalization of $56.17 million, a PE ratio of 7.50 and a beta of 0.69. Alarum Technologies has a fifty-two week low of $5.86 and a fifty-two week high of $46.69. The business has a 50-day moving average of $8.90 and a 200-day moving average of $11.22.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price 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

Institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new position in shares of Alarum Technologies during the 4th quarter valued at $32,000. Wells Fargo & Company MN raised its holdings in Alarum Technologies by 150.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after buying an additional 3,001 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Alarum Technologies by 55.7% in the third 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 last quarter. National Bank of Canada FI bought a new stake in shares of Alarum Technologies during the 4th quarter worth about $58,000. Finally, Virtu Financial LLC acquired a new position in shares of Alarum Technologies during the 4th quarter valued at about $114,000. 3.23% of the stock is currently 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.