Alarum Technologies Ltd. (NASDAQ:ALAR) Short Interest Up 29.8% in March

Alarum Technologies Ltd. (NASDAQ:ALAR) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 234,100 shares, an increase of 29.8% from the March 15th total of 180,300 shares. Based on an average daily volume of 125,700 shares, the short-interest ratio is presently 1.9 days. Approximately 3.5% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on Alarum Technologies from $25.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, March 21st.

Institutional Trading of Alarum Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC bought a new stake in Alarum Technologies during the fourth quarter worth $595,000. GAMMA Investing LLC grew its stake in shares of Alarum Technologies by 2,082.0% in the 1st quarter. GAMMA Investing LLC now owns 42,200 shares of the company’s stock worth $264,000 after acquiring an additional 40,266 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Alarum Technologies in the 4th quarter worth $158,000. Millennium Management LLC purchased a new stake in shares of Alarum Technologies in the fourth quarter valued at about $158,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Alarum Technologies during the fourth quarter valued at about $147,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

Alarum Technologies Trading Up 9.4 %

NASDAQ ALAR opened at $8.23 on Friday. The company has a market cap of $57.07 million, a P/E ratio of 7.62 and a beta of 0.78. The company has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $10.43. Alarum Technologies has a 12-month low of $5.45 and a 12-month high of $46.69.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. Alarum Technologies had a net margin of 22.21% and a return on equity of 46.33%. The firm had revenue of $7.37 million during the quarter, compared to analysts’ expectations of $7.48 million.

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.