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

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a significant growth in short interest in the month of 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. Approximately 5.9% of the shares of the company are short sold. Based on an average daily volume of 338,200 shares, the days-to-cover ratio is currently 1.2 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Alliance Global Partners dropped their price target 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 raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, July 25th. Finally, Canaccord Genuity Group cut their price target on Alarum Technologies from $42.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, August 27th.

Alarum Technologies Trading Up 2.4 %

Shares of ALAR opened at $14.27 on Monday. The business’s 50-day moving average price is $12.91 and its 200-day moving average price is $22.95. 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 twelve month low of $4.20 and a twelve month high of $46.69. The stock has a market cap of $98.03 million, a PE ratio of 18.29 and a beta of 0.66.

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

Institutional Investors Weigh In On Alarum Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd increased its stake in Alarum Technologies by 55.7% in the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock worth $115,000 after acquiring an additional 3,870 shares during the last quarter. Independent Advisor Alliance purchased a new stake in Alarum Technologies in the third quarter valued at approximately $386,000. ARK Investment Management LLC bought a new position in shares of Alarum Technologies in the 3rd quarter worth $785,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Alarum Technologies during the 2nd quarter valued at $164,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Alarum Technologies during the 2nd quarter valued at $3,229,000. Hedge funds and other 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.