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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 409,000 shares, a drop of 9.5% from the August 31st total of 452,000 shares. Based on an average daily volume of 457,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 6.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ALAR shares. Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, July 25th. Alliance Global Partners reduced their price objective 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. Finally, 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.

Alarum Technologies Trading Down 5.7 %

NASDAQ ALAR opened at $10.64 on Tuesday. The stock has a market cap of $72.38 million, a P/E ratio of -7.24 and a beta of 0.67. The company’s fifty day simple moving average is $17.22 and its 200-day simple moving average is $25.31. 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.

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

Hedge Funds Weigh In On Alarum Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ALAR. Acadian Asset Management LLC lifted its holdings 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 valued at $4,493,000 after acquiring an additional 105,083 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Alarum Technologies by 172.2% in the second quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock worth $6,626,000 after purchasing an additional 100,489 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Alarum Technologies in the second quarter worth approximately $3,229,000. Cetera Advisors LLC acquired a new position in Alarum Technologies during the first quarter valued at approximately $366,000. Finally, Thoroughbred Financial Services LLC acquired a new position in Alarum Technologies during the second quarter valued at approximately $747,000. Institutional investors own 3.23% of the company’s stock.

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.