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

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 255,100 shares, a drop of 37.6% from the September 15th total of 409,000 shares. Approximately 3.9% of the company's stock are sold short. Based on an average daily volume of 377,300 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Alarum Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in Alarum Technologies in the 2nd quarter worth approximately $164,000. Altshuler Shaham Ltd purchased a new position in shares of Alarum Technologies during the 2nd quarter worth $3,229,000. XTX Topco Ltd purchased a new position in shares of Alarum Technologies during the 2nd quarter worth $290,000. Renaissance Technologies LLC boosted its stake in shares of Alarum Technologies by 172.2% during the 2nd 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 last quarter. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of Alarum Technologies during the 2nd quarter worth $747,000. Institutional investors own 3.23% of the company's stock.

Analyst Upgrades and Downgrades

ALAR has been the subject of a number of analyst reports. Alliance Global Partners decreased their target price on shares of Alarum Technologies from $34.00 to $20.00 and set a "buy" rating for the company in a research note on Monday, August 26th. Canaccord Genuity Group reduced their price target on shares of Alarum Technologies from $42.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Finally, Canaccord Genuity Group raised shares of Alarum Technologies from a "hold" rating to a "buy" rating and set a $42.00 price target for the company in a research report on Thursday, July 25th.

Alarum Technologies Stock Performance

NASDAQ:ALAR traded up $0.91 during trading hours on Friday, reaching $10.47. The company had a trading volume of 222,924 shares, compared to its average volume of 341,328. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.02. Alarum Technologies has a 52 week low of $2.92 and a 52 week high of $46.69. The firm has a market cap of $71.23 million, a price-to-earnings ratio of -7.12 and a beta of 0.68. The firm's 50 day moving average price is $14.40 and its 200-day moving average price is $24.57.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last posted its earnings results on Monday, August 26th. The company reported $0.40 EPS 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 during 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.