Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Down 19.1% in February

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a significant decline in short interest during the month of 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 trading volume of 147,100 shares, the short-interest ratio is currently 1.3 days. Currently, 2.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Alarum Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acuitas Investments LLC acquired a new position in Alarum Technologies during the fourth quarter worth $595,000. Independent Advisor Alliance acquired a new position in Alarum Technologies during the third quarter worth $386,000. Jane Street Group LLC acquired a new position in Alarum Technologies during the fourth quarter worth $158,000. Millennium Management LLC acquired a new position in Alarum Technologies during the fourth quarter worth $158,000. Finally, Ameriprise Financial Inc. acquired a new position in Alarum Technologies during the fourth quarter worth $147,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Alarum Technologies Price Performance

Shares of NASDAQ:ALAR opened at $8.26 on Tuesday. The business’s 50 day moving average price is $8.95 and its 200-day moving average price is $11.25. The firm has a market capitalization of $57.27 million, a PE ratio of 7.65 and a beta of 0.69. Alarum Technologies has a 1 year low of $5.86 and a 1 year high of $46.69.

Analyst Ratings Changes

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

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.