Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Expands By 16.5%

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target 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 daily volume of 338,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 5.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Alarum Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ALAR. Acadian Asset Management LLC increased its stake in Alarum Technologies by 3,652.5% in the 2nd quarter. Acadian Asset Management LLC now owns 107,960 shares of the company’s stock worth $4,493,000 after purchasing an additional 105,083 shares during the period. ARK Investment Management LLC purchased a new position in shares of Alarum Technologies in the third quarter worth $785,000. Renaissance Technologies LLC raised its holdings in Alarum Technologies by 172.2% during the 2nd quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock valued at $6,626,000 after buying an additional 100,489 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Alarum Technologies during the 2nd quarter valued at $3,229,000. Finally, Cetera Advisors LLC purchased a new stake in Alarum Technologies during the 1st quarter valued at $366,000. Institutional investors own 3.23% of the company’s stock.

Analyst Upgrades and Downgrades

ALAR has been the subject of a number of research reports. 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 note on Thursday, July 25th. Canaccord Genuity Group cut their target price 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, Alliance Global Partners lowered their price target on 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 2.4 %

ALAR stock opened at $14.27 on Friday. The company has a market capitalization of $98.03 million, a PE ratio of 18.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.45. Alarum Technologies has a one year low of $4.20 and a one year high of $46.69. The company’s 50 day moving average price is $12.91 and its two-hundred day moving average price is $23.01.

Alarum Technologies (NASDAQ:ALAR) last issued 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 company had revenue of $8.88 million for the quarter.

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.