Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Decreases By 9.5%

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 409,000 shares, a decrease of 9.5% from the August 31st total of 452,000 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average trading volume of 457,900 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Alarum Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. purchased a new stake in Alarum Technologies in the fourth quarter worth approximately $1,190,000. Acadian Asset Management LLC bought a new stake in shares of Alarum Technologies in the 1st quarter worth approximately $56,000. Cetera Advisors LLC purchased a new stake in shares of Alarum Technologies in the 1st quarter valued at $366,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Alarum Technologies during the 2nd quarter valued at $58,000. Finally, ARS Investment Partners LLC bought a new position in shares of Alarum Technologies during the 2nd quarter valued at $246,000. Hedge funds and other institutional investors own 3.23% of the company's stock.

Analysts Set New Price Targets

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

Alarum Technologies Price Performance

Shares of NASDAQ:ALAR traded up $0.02 on Friday, hitting $11.28. The company's stock had a trading volume of 135,578 shares, compared to its average volume of 231,299. The company has a market capitalization of $77.49 million, a PE ratio of -7.67 and a beta of 0.67. 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 has a 50-day simple moving average of $17.56 and a 200 day simple moving average of $25.39. Alarum Technologies has a 1 year low of $2.92 and a 1 year high of $46.69.

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

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.