Short Interest in Alarum Technologies Ltd. (NASDAQ:ALAR) Rises By 32.1%

Alarum Technologies Ltd. (NASDAQ:ALAR) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 250,200 shares, a growth of 32.1% from the March 31st total of 189,400 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily trading volume, of 239,800 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of Alarum Technologies

An institutional investor recently bought a new position in Alarum Technologies stock. Cantor Fitzgerald L. P. acquired a new stake in shares of Alarum Technologies Ltd. (NASDAQ:ALAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 153,313 shares of the company’s stock, valued at approximately $1,190,000. Cantor Fitzgerald L. P. owned about 3.86% of Alarum Technologies at the end of the most recent reporting period. 3.23% of the stock is currently owned by institutional investors and hedge funds.

Alarum Technologies Stock Down 3.5 %

NASDAQ:ALAR opened at $27.98 on Friday. The firm has a 50-day simple moving average of $20.30 and a two-hundred day simple moving average of $11.60. The firm has a market cap of $179.35 million, a P/E ratio of -16.27 and a beta of 0.81. Alarum Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $29.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.39 and a current ratio of 2.39.

Alarum Technologies (NASDAQ:ALAR) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.30 earnings per share for the quarter. Alarum Technologies had a negative net margin of 20.83% and a positive return on equity of 6.52%. The company had revenue of $7.11 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.