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

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 336,500 shares, a decrease 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. Currently, 5.1% of the shares of the company are short sold.

Alarum Technologies Trading Up 1.3 %

Shares of NASDAQ:ALAR traded up $0.15 during trading on Friday, reaching $11.82. 141,793 shares of the stock were exchanged, compared to its average volume of 344,643. Alarum Technologies has a 12 month low of $4.26 and a 12 month high of $46.69. The stock has a 50-day moving average price of $13.58 and a 200-day moving average price of $20.75. The firm has a market cap of $81.19 million, a PE ratio of 10.94 and a beta of 0.68.

Institutional Trading of Alarum Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Alarum Technologies by 172.2% in the second quarter. Renaissance Technologies LLC now owns 158,861 shares of the company's stock worth $6,626,000 after purchasing an additional 100,489 shares during the last quarter. Acadian Asset Management LLC grew its stake in Alarum Technologies by 3,652.5% in the 2nd quarter. Acadian Asset Management LLC now owns 107,960 shares of the company's stock valued at $4,493,000 after buying an additional 105,083 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Alarum Technologies during the second quarter worth about $3,229,000. ARK Investment Management LLC purchased a new stake in shares of Alarum Technologies during the third quarter valued at approximately $785,000. Finally, Independent Advisor Alliance bought a new stake in shares of Alarum Technologies in the 3rd quarter worth approximately $386,000. 3.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ALAR shares. Canaccord Genuity Group reduced 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 reduced 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 report on Monday, August 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.