Alarum Technologies Ltd. (NASDAQ:ALAR) Sees Significant Drop in Short Interest

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 302,600 shares, a decline of 5.2% from the May 15th total of 319,100 shares. Currently, 4.7% of the company’s shares are short sold. Based on an average daily volume of 318,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Alarum Technologies

A number of large investors have recently bought and sold shares of ALAR. Cantor Fitzgerald L. P. bought a new position in shares of Alarum Technologies during the 4th quarter worth approximately $1,190,000. Cetera Advisors LLC bought a new position in shares of Alarum Technologies during the 1st quarter worth approximately $366,000. Finally, Acadian Asset Management LLC bought a new position in shares of Alarum Technologies during the 1st quarter worth approximately $56,000. 3.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Alliance Global Partners upped their price target on Alarum Technologies from $10.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, March 14th.

Alarum Technologies Stock Performance

Shares of ALAR stock opened at $34.52 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 2.47. The stock has a market cap of $231.97 million, a PE ratio of -23.48 and a beta of 0.65. The stock has a 50-day moving average of $29.94 and a 200-day moving average of $18.76. Alarum Technologies has a one year low of $2.07 and a one year high of $40.94.

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