Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Increases By 18.0%

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 604,200 shares, an increase of 18.0% from the June 30th total of 512,200 shares. Based on an average trading volume of 497,000 shares, the short-interest ratio is currently 1.2 days. Currently, 9.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. acquired a new stake in Alarum Technologies in the fourth quarter worth about $1,190,000. Acadian Asset Management LLC purchased a new position in shares of Alarum Technologies in the 1st quarter valued at approximately $56,000. Cetera Advisors LLC acquired a new stake in Alarum Technologies in the 1st quarter worth approximately $366,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Alarum Technologies during the 2nd quarter worth approximately $58,000. Finally, ARS Investment Partners LLC acquired a new position in Alarum Technologies during the 2nd quarter valued at approximately $246,000. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ALAR shares. Canaccord Genuity Group upgraded shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Thursday, July 25th. Canaccord Genuity Group upgraded Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, July 25th.

Alarum Technologies Stock Performance

ALAR stock opened at $26.00 on Tuesday. Alarum Technologies has a one year low of $2.15 and a one year high of $46.69. The firm has a market cap of $177.84 million, a price-to-earnings ratio of -17.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a 50-day simple moving average of $34.23 and a two-hundred day simple moving average of $24.45.

Alarum Technologies (NASDAQ:ALAR) last posted its earnings results on Tuesday, May 21st. The company reported $0.45 EPS for the quarter. Alarum Technologies had a negative net margin of 11.62% and a positive return on equity of 35.79%. The company had revenue of $8.38 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.