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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 390,200 shares, an increase of 16.5% from the October 15th total of 335,000 shares. Currently, 5.9% of the company’s shares are short sold. Based on an average daily volume of 338,200 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Alarum Technologies

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Alarum Technologies in the first quarter valued at approximately $56,000. Cetera Advisors LLC bought a new position in Alarum Technologies in the 1st quarter valued at $366,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Alarum Technologies during the 2nd quarter valued at $58,000. ARS Investment Partners LLC bought a new stake in shares of Alarum Technologies during the 2nd quarter worth $246,000. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of Alarum Technologies in the 2nd quarter worth about $747,000. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Price Performance

Shares of ALAR opened at $14.27 on Monday. The business’s fifty day moving average is $12.91 and its 200 day moving average is $22.95. Alarum Technologies has a 12-month low of $4.20 and a 12-month high of $46.69. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.02. The stock has a market cap of $98.03 million, a P/E ratio of 18.29 and a beta of 0.66.

Alarum Technologies (NASDAQ:ALAR) last posted its earnings results on Monday, August 26th. The company reported $0.40 EPS for the quarter. The company 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALAR shares. Alliance Global Partners lowered their target price on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 26th. Canaccord Genuity Group upgraded shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, July 25th. Finally, Canaccord Genuity Group dropped their target price on shares of Alarum Technologies from $42.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th.

About Alarum Technologies

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.