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

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, July 25th. Canaccord Genuity Group cut their price objective on Alarum Technologies from $42.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, Alliance Global Partners lowered their target price on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 26th.

Institutional Trading of Alarum Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Alarum Technologies in the second quarter worth about $58,000. Acadian Asset Management LLC bought a new stake in shares of Alarum Technologies in the 1st quarter valued at approximately $56,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Alarum Technologies in the 2nd quarter worth approximately $164,000. ARS Investment Partners LLC bought a new position in shares of Alarum Technologies during the 2nd quarter worth approximately $246,000. Finally, XTX Topco Ltd acquired a new stake in Alarum Technologies in the 2nd quarter valued at $290,000. 3.23% of the stock is currently owned by institutional investors.

Alarum Technologies Stock Performance

NASDAQ ALAR opened at $10.47 on Friday. The company’s fifty day moving average is $14.40 and its two-hundred day moving average is $24.59. Alarum Technologies has a 52-week low of $2.92 and a 52-week high of $46.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $71.23 million, a price-to-earnings ratio of -7.12 and a beta of 0.68.

Alarum Technologies (NASDAQ:ALAR) last released its earnings results on Monday, August 26th. The company reported $0.40 earnings per share for the quarter. The business 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.