Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Update

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 335,000 shares, an increase of 31.3% from the September 30th total of 255,100 shares. Based on an average daily volume of 348,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Alliance Global Partners decreased their target price on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Canaccord Genuity Group upgraded Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, July 25th. Finally, Canaccord Genuity Group decreased their target price on Alarum Technologies from $42.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th.

Alarum Technologies Stock Performance

NASDAQ:ALAR traded up $0.42 during midday trading on Friday, reaching $16.98. 151,557 shares of the company traded hands, compared to its average volume of 360,157. Alarum Technologies has a twelve month low of $2.92 and a twelve month high of $46.69. The firm has a market capitalization of $115.51 million, a price-to-earnings ratio of -11.55 and a beta of 0.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.45 and a quick ratio of 2.45. The company has a fifty day moving average price of $13.35 and a 200 day moving average price of $24.14.

Alarum Technologies (NASDAQ:ALAR) last announced its earnings results on Monday, August 26th. The company reported $0.40 earnings per share for the quarter. The firm had revenue of $8.88 million for the quarter. Alarum Technologies had a return on equity of 54.68% and a net margin of 12.70%.

Institutional Trading of Alarum Technologies

Several hedge funds have recently added to or reduced their stakes in ALAR. Acadian Asset Management LLC bought a new stake in Alarum Technologies during the 1st quarter valued at $56,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Alarum Technologies during the 2nd quarter valued at $58,000. Gordian Capital Singapore Pte Ltd bought a new stake in Alarum Technologies during the 2nd quarter valued at $164,000. ARS Investment Partners LLC bought a new stake in Alarum Technologies during the 2nd quarter valued at $246,000. Finally, XTX Topco Ltd bought a new stake in shares of Alarum Technologies in the 2nd quarter worth $290,000. Institutional investors own 3.23% of the company’s stock.

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.