Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Down 37.6% in September

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 255,100 shares, a decline of 37.6% from the September 15th total of 409,000 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average trading volume of 377,300 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Alarum Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ALAR. Acadian Asset Management LLC boosted 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 valued at $4,493,000 after acquiring an additional 105,083 shares in the last quarter. Renaissance Technologies LLC boosted its position in Alarum Technologies by 172.2% during the 2nd quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock worth $6,626,000 after buying an additional 100,489 shares during the period. Altshuler Shaham Ltd bought a new stake in Alarum Technologies during the 2nd quarter worth approximately $3,229,000. Cetera Advisors LLC acquired a new position in shares of Alarum Technologies during the first quarter worth $366,000. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Alarum Technologies in the second quarter worth $747,000. Institutional investors own 3.23% of the company’s stock.

Wall Street Analysts Forecast Growth

ALAR has been the subject of several recent research reports. Alliance Global Partners reduced their price objective on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Canaccord Genuity Group raised Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, July 25th. Finally, Canaccord Genuity Group lowered their price objective on shares of Alarum Technologies from $42.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th.

Alarum Technologies Stock Up 9.5 %

ALAR traded up $0.91 on Friday, hitting $10.47. 222,924 shares of the company were exchanged, compared to its average volume of 341,328. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.45. The stock’s fifty day moving average is $14.40 and its 200-day moving average is $24.57. The company has a market cap of $71.23 million, a PE ratio of -7.12 and a beta of 0.68. Alarum Technologies has a 12 month low of $2.92 and a 12 month high of $46.69.

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

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.