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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 207,900 shares, an increase of 115.9% from the February 29th total of 96,300 shares. Based on an average trading volume of 235,800 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners lifted their target price on shares of Alarum Technologies from $10.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, March 14th.

Hedge Funds Weigh In On Alarum Technologies

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Alarum Technologies by 143.0% during the third quarter. Rhumbline Advisers now owns 11,627 shares of the company’s stock valued at $39,000 after purchasing an additional 6,843 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Alarum Technologies in the 2nd quarter worth approximately $34,000. Finally, Cantor Fitzgerald L. P. purchased a new position in Alarum Technologies in the 4th quarter worth approximately $1,190,000. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Alarum Technologies Price Performance

ALAR stock opened at $20.97 on Thursday. The firm has a 50 day moving average price of $14.87 and a 200-day moving average price of $8.45. Alarum Technologies has a 52-week low of $1.65 and a 52-week high of $23.73. The firm has a market capitalization of $131.69 million, a price-to-earnings ratio of -12.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.39 and a current ratio of 2.39.

Alarum Technologies Company Profile

Alarum Technologies Ltd. provides cybersecurity and privacy solutions to consumers and enterprises in Israel, the United States, the Middle East, the United Kingdom, the British Virgin Islands, the Asia Pacific, and internationally. The company operates through three segments: Enterprise Cybersecurity, Enterprise Internet Access, and Consumer Internet Access.