Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 29.8% in March

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 234,100 shares, a growth of 29.8% from the March 15th total of 180,300 shares. Based on an average trading volume of 125,700 shares, the short-interest ratio is currently 1.9 days. Currently, 3.5% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on Alarum Technologies from $25.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, March 21st.

Hedge Funds Weigh In On Alarum Technologies

A number of hedge funds have recently bought and sold shares of ALAR. Heck Capital Advisors LLC bought a new stake in shares of Alarum Technologies in the fourth quarter worth approximately $32,000. GAMMA Investing LLC lifted its position in shares of Alarum Technologies by 249.1% during the 1st quarter. GAMMA Investing LLC now owns 6,752 shares of the company's stock valued at $42,000 after buying an additional 4,818 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Alarum Technologies by 150.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company's stock worth $53,000 after purchasing an additional 3,001 shares during the period. National Bank of Canada FI bought a new position in shares of Alarum Technologies in the fourth quarter worth about $58,000. Finally, Virtu Financial LLC purchased a new stake in Alarum Technologies during the 4th quarter valued at approximately $114,000. Institutional investors own 3.23% of the company's stock.

Alarum Technologies Price Performance

NASDAQ ALAR traded up $0.05 during trading hours on Thursday, reaching $7.35. 57,624 shares of the company's stock traded hands, compared to its average volume of 295,503. Alarum Technologies has a 52-week low of $5.45 and a 52-week high of $46.69. The firm has a 50-day simple moving average of $7.06 and a 200 day simple moving average of $10.37. The firm has a market cap of $50.96 million, a PE ratio of 6.86 and a beta of 0.78.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.18. The firm had revenue of $7.37 million for the quarter, compared to analysts' expectations of $7.48 million. Alarum Technologies had a return on equity of 46.33% and a net margin of 22.21%.

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.