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

Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 239,800 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.1% of the company's stock are short sold.

Institutional Trading of Alarum Technologies

A hedge fund recently bought a new stake in Alarum Technologies stock. Cantor Fitzgerald L. P. purchased a new position in shares of Alarum Technologies Ltd. (NASDAQ:ALAR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Alarum Technologies Stock Down 3.5 %

Shares of ALAR traded down $1.02 during midday trading on Friday, hitting $27.98. The stock had a trading volume of 365,901 shares, compared to its average volume of 335,760. The company has a 50 day simple moving average of $20.30 and a two-hundred day simple moving average of $11.60. Alarum Technologies has a twelve month low of $1.85 and a twelve month high of $29.95. The firm has a market cap of $179.35 million, a price-to-earnings ratio of -16.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.39 and a quick ratio of 2.39.

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

Analyst Upgrades and Downgrades

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

About Alarum Technologies

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.