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

Alarum Technologies Ltd. (NASDAQ:ALAR) saw a large growth in short interest in 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. Based on an average daily trading volume, of 239,800 shares, the short-interest ratio is presently 1.0 days. Approximately 4.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Alarum Technologies

An institutional investor recently bought a new position in Alarum Technologies stock. Cantor Fitzgerald L. P. acquired a new position in Alarum Technologies Ltd. (NASDAQ:ALAR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 153,313 shares of the company’s stock, valued at approximately $1,190,000. Cantor Fitzgerald L. P. owned approximately 3.86% of Alarum Technologies at the end of the most recent quarter. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Price Performance

Shares of NASDAQ ALAR opened at $27.98 on Friday. Alarum Technologies has a 12 month low of $1.85 and a 12 month high of $29.95. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $20.30 and a 200-day simple moving average of $11.55.

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

Analyst Upgrades and Downgrades

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

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.