Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Down 8.9% in March

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 189,400 shares, a drop of 8.9% from the March 15th total of 207,900 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 229,800 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Alliance Global Partners lifted their price objective on shares of Alarum Technologies from $10.00 to $23.00 and gave the company a "buy" rating in a research report on Thursday, March 14th.

Alarum Technologies Stock Performance

NASDAQ:ALAR traded down $0.50 during midday trading on Monday, reaching $23.93. The stock had a trading volume of 326,731 shares, compared to its average volume of 254,485. The firm has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $10.33. 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 stock has a market cap of $153.39 million, a P/E ratio of -13.91 and a beta of 0.81.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $7.11 million for the quarter.

Institutional Investors Weigh In On Alarum Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ALAR. Cantor Fitzgerald L. P. acquired a new stake in Alarum Technologies in the fourth quarter valued at $1,190,000. Renaissance Technologies LLC acquired a new stake in Alarum Technologies in the second quarter valued at $34,000. Finally, Rhumbline Advisers lifted its holdings in Alarum Technologies by 143.0% in the third quarter. Rhumbline Advisers now owns 11,627 shares of the company's stock valued at $39,000 after acquiring an additional 6,843 shares during the period. Institutional investors and hedge funds own 3.23% of the company's stock.

Alarum Technologies Company Profile

Alarum Technologies Ltd. provides cybersecurity and privacy solutions to consumers and enterprises in Israel, the United States, the Middle East, the United Kingdom, the British Virgin Islands, the Asia Pacific, and internationally. The company operates through three segments: Enterprise Cybersecurity, Enterprise Internet Access, and Consumer Internet Access.