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

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

Analysts Set New Price Targets

Several equities analysts recently commented on ALAR shares. Alliance Global Partners reduced their target price on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Canaccord Genuity Group cut their price objective on Alarum Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th.

Hedge Funds Weigh In On Alarum Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd raised its stake in shares of Alarum Technologies by 55.7% during the third quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock worth $115,000 after acquiring an additional 3,870 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Alarum Technologies in the 2nd quarter worth $164,000. Thoroughbred Financial Services LLC purchased a new position in Alarum Technologies in the 2nd quarter worth $747,000. Independent Advisor Alliance bought a new stake in Alarum Technologies in the third quarter worth $386,000. Finally, ARK Investment Management LLC purchased a new stake in Alarum Technologies during the third quarter valued at about $785,000. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Alarum Technologies Stock Performance

Shares of NASDAQ:ALAR opened at $11.82 on Friday. The firm has a market capitalization of $81.20 million, a PE ratio of 10.94 and a beta of 0.68. Alarum Technologies has a 52-week low of $4.26 and a 52-week high of $46.69. The firm has a fifty day moving average of $13.58 and a 200 day moving average of $20.75.

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.