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

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

Alarum Technologies Price Performance

Shares of NASDAQ ALAR opened at $14.27 on Friday. The business has a 50 day moving average price of $12.91 and a two-hundred day moving average price of $22.98. Alarum Technologies has a fifty-two week low of $4.20 and a fifty-two week high of $46.69. The firm has a market cap of $98.02 million, a PE ratio of 18.29 and a beta of 0.66. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.02.

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

Hedge Funds Weigh In On Alarum Technologies

A number of hedge funds have recently bought and sold shares of ALAR. Acadian Asset Management LLC raised its holdings in shares of Alarum Technologies by 3,652.5% during the second 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 raised its stake 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 acquiring an additional 100,489 shares during the period. Altshuler Shaham Ltd bought a new position in Alarum Technologies in the second quarter worth about $3,229,000. ARK Investment Management LLC acquired a new position in Alarum Technologies in the third quarter valued at approximately $785,000. Finally, Independent Advisor Alliance acquired a new position in Alarum Technologies in the third quarter valued at approximately $386,000. 3.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.