Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Declines By 14.7%

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a large 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.

Hedge Funds Weigh In On Alarum Technologies

A number of large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in shares of Alarum Technologies by 3,652.5% in the second quarter. Acadian Asset Management LLC now owns 107,960 shares of the company’s stock worth $4,493,000 after purchasing an additional 105,083 shares during the last quarter. Renaissance Technologies LLC boosted its position in Alarum Technologies by 172.2% during the 2nd quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock valued at $6,626,000 after buying an additional 100,489 shares during the period. Altshuler Shaham Ltd bought a new stake in Alarum Technologies in the 2nd quarter worth $3,229,000. ARK Investment Management LLC purchased a new position in shares of Alarum Technologies in the third quarter valued at about $785,000. Finally, Independent Advisor Alliance purchased a new position in shares of Alarum Technologies in the third quarter valued at about $386,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

Alarum Technologies Trading Up 1.3 %

ALAR opened at $11.82 on Friday. Alarum Technologies has a 12 month low of $4.26 and a 12 month high of $46.69. The business’s 50-day moving average price is $13.58 and its 200-day moving average price is $20.65. The company has a market cap of $81.19 million, a P/E ratio of 10.94 and a beta of 0.68.

Analyst Upgrades and Downgrades

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

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.