Alarum Technologies Ltd. (NASDAQ:ALAR) Sees Significant Decline in Short Interest

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 223,600 shares, a decline of 15.7% from the January 15th total of 265,100 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 184,300 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

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

Alarum Technologies Trading Down 0.6 %

NASDAQ ALAR traded down $0.06 on Tuesday, hitting $9.24. 152,454 shares of the company traded hands, compared to its average volume of 118,465. The business's 50 day moving average price is $10.57 and its 200-day moving average price is $13.04. The company has a market capitalization of $64.07 million, a price-to-earnings ratio of 8.56 and a beta of 0.74. Alarum Technologies has a 52-week low of $8.80 and a 52-week high of $46.69.

Institutional Investors Weigh In On Alarum Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in Alarum Technologies during the fourth quarter valued at about $158,000. Ameriprise Financial Inc. bought a new stake in Alarum Technologies during the fourth quarter valued at about $147,000. Jane Street Group LLC bought a new stake in Alarum Technologies during the fourth quarter valued at about $158,000. Marshall Wace LLP bought a new stake in shares of Alarum Technologies in the fourth quarter worth about $116,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Alarum Technologies by 150.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company's stock worth $53,000 after purchasing an additional 3,001 shares during the last quarter. 3.23% of the stock is owned by institutional investors.

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.