Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Up 33.8% in May

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 296,100 shares, an increase of 33.8% from the May 15th total of 221,300 shares. Based on an average daily volume of 141,500 shares, the short-interest ratio is presently 2.1 days. Currently, 4.4% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on Alarum Technologies from $11.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, June 10th.

Hedge Funds Weigh In On Alarum Technologies

Several institutional investors have recently bought and sold shares of ALAR. Acuitas Investments LLC purchased a new stake in shares of Alarum Technologies in the fourth quarter valued at about $595,000. GAMMA Investing LLC boosted its holdings in Alarum Technologies by 2,082.0% in the 1st quarter. GAMMA Investing LLC now owns 42,200 shares of the company's stock valued at $264,000 after purchasing an additional 40,266 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Alarum Technologies during the 1st quarter worth approximately $158,000. Jane Street Group LLC acquired a new stake in shares of Alarum Technologies in the 4th quarter valued at approximately $158,000. Finally, Millennium Management LLC purchased a new stake in shares of Alarum Technologies in the fourth quarter valued at approximately $158,000. 3.23% of the stock is owned by institutional investors and hedge funds.

Alarum Technologies Stock Performance

Alarum Technologies stock traded down $0.42 during midday trading on Friday, hitting $11.05. 125,146 shares of the company's stock were exchanged, compared to its average volume of 223,615. The stock has a market cap of $77.57 million, a price-to-earnings ratio of 11.95 and a beta of 1.07. Alarum Technologies has a 12-month low of $5.45 and a 12-month high of $46.69. The firm's 50 day simple moving average is $8.09 and its 200 day simple moving average is $8.78.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Alarum Technologies had a return on equity of 27.47% and a net margin of 15.53%. The company had revenue of $7.13 million for the quarter, compared to the consensus estimate of $7.31 million.

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.