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

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 335,000 shares, an increase of 31.3% from the September 30th total of 255,100 shares. Currently, 5.1% of the company's shares are sold short. Based on an average daily volume of 348,900 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

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

Alarum Technologies Trading Up 2.5 %

Shares of ALAR stock traded up $0.42 on Friday, reaching $16.98. The company had a trading volume of 151,557 shares, compared to its average volume of 360,157. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.02. The stock has a market cap of $115.51 million, a PE ratio of -11.55 and a beta of 0.68. The company has a 50-day moving average of $13.35 and a 200-day moving average of $24.15. Alarum Technologies has a 12 month low of $2.92 and a 12 month high of $46.69.

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

Institutional Trading of Alarum Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Alarum Technologies in the 2nd quarter valued at about $58,000. Acadian Asset Management LLC bought a new stake in Alarum Technologies during the 1st quarter worth approximately $56,000. Gordian Capital Singapore Pte Ltd bought a new stake in Alarum Technologies during the 2nd quarter worth approximately $164,000. ARS Investment Partners LLC bought a new stake in Alarum Technologies during the 2nd quarter worth approximately $246,000. Finally, XTX Topco Ltd bought a new stake in Alarum Technologies during the 2nd quarter worth approximately $290,000. 3.23% of the stock is owned by institutional investors.

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.