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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large increase in short interest in the month of 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. Currently, 5.1% of the company’s stock are short sold. Based on an average daily trading volume, of 348,900 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Alarum Technologies

Several large investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Alarum Technologies by 172.2% during the second quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock worth $6,626,000 after buying an additional 100,489 shares during the last quarter. 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. Altshuler Shaham Ltd purchased a new position in Alarum Technologies in the second quarter valued at approximately $3,229,000. Cetera Advisors LLC bought a new position in Alarum Technologies during the first quarter valued at $366,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in Alarum Technologies in the second quarter worth $747,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

Alarum Technologies Stock Up 2.5 %

ALAR opened at $16.98 on Monday. Alarum Technologies has a fifty-two week low of $2.92 and a fifty-two week 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’s 50-day moving average is $13.35 and its 200 day moving average is $24.15. The firm has a market capitalization of $115.51 million, a P/E ratio of -11.55 and a beta of 0.68.

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%.

Analyst Upgrades and Downgrades

ALAR has been the topic of a number of research reports. Canaccord Genuity Group lowered their target price on Alarum Technologies from $42.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, July 25th. Finally, Alliance Global Partners decreased their target price 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.