Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 31.3% in October

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a significant increase in short interest in 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 shares of the stock are sold short. Based on an average daily trading volume, of 348,900 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

ALAR has been the topic of a number of analyst reports. Alliance Global Partners reduced 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 note on Monday, August 26th. Canaccord Genuity Group dropped 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 upgraded shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, July 25th.

Institutional Investors Weigh In On Alarum Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in shares of Alarum Technologies by 3,652.5% during the 2nd quarter. Acadian Asset Management LLC now owns 107,960 shares of the company’s stock worth $4,493,000 after buying an additional 105,083 shares during the last quarter. Renaissance Technologies LLC raised its stake in Alarum Technologies by 172.2% during the second 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 in the last quarter. Altshuler Shaham Ltd bought a new position in Alarum Technologies during the second quarter worth $3,229,000. Cetera Advisors LLC bought a new position in shares of Alarum Technologies in the 1st quarter worth about $366,000. Finally, Thoroughbred Financial Services LLC acquired a new position in Alarum Technologies in the second quarter valued at approximately $747,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Price Performance

Shares of NASDAQ:ALAR opened at $14.80 on Tuesday. The company has a market cap of $101.68 million, a P/E ratio of 18.97 and a beta of 0.68. The company has a 50-day moving average price of $13.22 and a 200 day moving average price of $24.07. Alarum Technologies has a 52 week low of $3.07 and a 52 week high of $46.69. 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 (NASDAQ:ALAR) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.40 earnings per share (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 during 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.