Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 16.5% in October

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 390,200 shares, a growth of 16.5% from the October 15th total of 335,000 shares. Based on an average trading volume of 338,200 shares, the days-to-cover ratio is presently 1.2 days. Currently, 5.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Alarum Technologies

Several hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Alarum Technologies during the 2nd quarter worth approximately $58,000. Acadian Asset Management LLC bought a new position in shares of Alarum Technologies in the first quarter valued at approximately $56,000. Gordian Capital Singapore Pte Ltd bought a new position in Alarum Technologies during the second quarter valued at about $164,000. ARS Investment Partners LLC acquired a new stake in shares of Alarum Technologies during the 2nd quarter valued at $246,000. Finally, XTX Topco Ltd acquired a new position in shares of Alarum Technologies in the second quarter worth about $290,000. Hedge funds and other institutional investors own 3.23% of the company's stock.

Wall Street Analyst Weigh In

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

Alarum Technologies Price Performance

Shares of Alarum Technologies stock traded up $0.33 during trading hours on Friday, reaching $14.27. 185,347 shares of the company's stock were exchanged, compared to its average volume of 354,211. The company has a market capitalization of $98.02 million, a P/E ratio of 18.29 and a beta of 0.66. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.02. Alarum Technologies has a 1 year low of $4.20 and a 1 year high of $46.69. The business has a fifty day moving average of $12.91 and a two-hundred day moving average of $23.01.

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

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.