Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 32.1% in April

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a significant 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. Approximately 4.1% of the shares of the company are short sold. Based on an average daily volume of 239,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On 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) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Price Performance

NASDAQ:ALAR opened at $27.98 on Friday. The firm’s fifty day moving average is $20.30 and its two-hundred day moving average is $11.60. 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 quick ratio of 2.39 and a current ratio of 2.39. Alarum Technologies has a one year low of $1.85 and a one year high of $29.95.

Alarum Technologies (NASDAQ:ALAR) last issued its earnings results on Thursday, March 14th. The company reported $0.30 EPS for the quarter. The firm 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 Ratings Changes

Separately, Alliance Global Partners upped their target price on Alarum Technologies from $10.00 to $23.00 and gave the company a “buy” rating in a research report 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.