Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 16.5% in October

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 390,200 shares, an increase of 16.5% from the October 15th total of 335,000 shares. Currently, 5.9% of the company’s shares are short sold. Based on an average daily trading volume, of 338,200 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Alliance Global Partners reduced their target price on 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 price objective on the stock in a research report on Thursday, July 25th. Finally, Canaccord Genuity Group dropped 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Alarum Technologies in the second quarter worth about $58,000. Acadian Asset Management LLC purchased a new stake in shares of Alarum Technologies in the 1st quarter worth approximately $56,000. XTX Topco Ltd increased its position in Alarum Technologies by 55.7% during the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock valued at $115,000 after buying an additional 3,870 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Alarum Technologies during the second quarter valued at $164,000. Finally, ARS Investment Partners LLC bought a new stake in Alarum Technologies in the second quarter worth $246,000. 3.23% of the stock is currently owned by institutional investors.

Alarum Technologies Stock Up 2.4 %

ALAR stock opened at $14.27 on Friday. Alarum Technologies has a fifty-two week low of $4.20 and a fifty-two week high of $46.69. The company has a market capitalization of $98.03 million, a price-to-earnings ratio of 18.29 and a beta of 0.66. The business’s 50 day moving average price is $12.91 and its two-hundred day moving average price is $23.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.45.

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

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.