Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 21.3% in December

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 408,200 shares, an increase of 21.3% from the November 30th total of 336,500 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily volume of 293,900 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Alarum Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted 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 buying an additional 105,083 shares during the period. Renaissance Technologies LLC boosted its stake in Alarum Technologies by 172.2% in the 2nd 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 period. Altshuler Shaham Ltd purchased a new position in Alarum Technologies during the 2nd quarter worth approximately $3,229,000. ARK Investment Management LLC acquired a new stake in Alarum Technologies during the 3rd quarter valued at $785,000. Finally, Independent Advisor Alliance purchased a new stake in shares of Alarum Technologies in the third quarter valued at $386,000. Institutional investors and hedge funds own 3.23% of the company's stock.

Alarum Technologies Trading Down 1.7 %

Shares of Alarum Technologies stock traded down $0.20 on Friday, reaching $11.50. 135,278 shares of the company were exchanged, compared to its average volume of 338,894. Alarum Technologies has a fifty-two week low of $5.90 and a fifty-two week high of $46.69. The firm has a market capitalization of $79.37 million, a price-to-earnings ratio of 10.65 and a beta of 0.68. The stock has a fifty day moving average price of $13.28 and a 200-day moving average price of $18.77.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their target price on shares of Alarum Technologies from $28.00 to $25.00 and set a "buy" rating on the stock in a report 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.