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

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 467,300 shares, a decrease of 22.7% from the July 15th total of 604,200 shares. Based on an average daily volume of 501,800 shares, the short-interest ratio is currently 0.9 days. Approximately 7.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Alarum Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of Alarum Technologies during the first quarter valued at approximately $56,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Alarum Technologies during the second quarter valued at approximately $58,000. ARS Investment Partners LLC bought a new stake in shares of Alarum Technologies during the second quarter valued at approximately $246,000. XTX Topco Ltd bought a new stake in shares of Alarum Technologies during the second quarter valued at approximately $290,000. Finally, Cetera Advisors LLC bought a new stake in shares of Alarum Technologies during the first quarter valued at approximately $366,000. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Price Performance

ALAR stock opened at $22.58 on Thursday. Alarum Technologies has a 1 year low of $2.21 and a 1 year high of $46.69. The firm has a 50-day moving average of $31.05 and a 200 day moving average of $25.31. The company has a market cap of $153.61 million, a P/E ratio of -15.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 2.47.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALAR shares. Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, July 25th. Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, July 25th.

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.