Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Down 9.5% in September

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 409,000 shares, a decline of 9.5% from the August 31st total of 452,000 shares. Based on an average daily volume of 457,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 6.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. purchased a new stake in Alarum Technologies during the fourth quarter valued at about $1,190,000. Acadian Asset Management LLC raised its holdings in shares of Alarum Technologies by 3,652.5% in the 2nd 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 period. Renaissance Technologies LLC lifted its stake in shares of Alarum Technologies by 172.2% in the 2nd quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock valued at $6,626,000 after purchasing an additional 100,489 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Alarum Technologies during the 2nd quarter worth about $3,229,000. Finally, Cetera Advisors LLC acquired a new stake in Alarum Technologies during the 1st quarter worth approximately $366,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. 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 report on Monday, August 26th. Canaccord Genuity Group cut their price target on Alarum Technologies from $42.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Finally, Canaccord Genuity Group upgraded Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, July 25th.

Alarum Technologies Trading Up 0.2 %

NASDAQ ALAR opened at $11.28 on Friday. The company has a market cap of $77.49 million, a P/E ratio of -7.67 and a beta of 0.67. Alarum Technologies has a 12 month low of $2.92 and a 12 month high of $46.69. 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 50-day moving average of $17.56 and a 200-day moving average of $25.34.

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

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.