Alarum Technologies Ltd. (NASDAQ:ALAR – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 36,300 shares, a growth of 81.5% from the August 15th total of 20,000 shares. Based on an average daily trading volume, of 45,000 shares, the short-interest ratio is presently 0.8 days. Approximately 1.0% of the shares of the company are sold short.
Alarum Technologies Stock Up 6.9 %
NASDAQ ALAR opened at $3.58 on Friday. Alarum Technologies has a 52-week low of $1.46 and a 52-week high of $6.00. The firm has a 50-day moving average price of $2.66 and a 200 day moving average price of $2.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners increased their price target on shares of Alarum Technologies from $6.50 to $8.00 and gave the stock a “buy” rating in a report on Thursday, August 24th.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Alarum Technologies stock. Renaissance Technologies LLC bought a new position in shares of Alarum Technologies Ltd. (NASDAQ:ALAR – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,261 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned 0.41% of Alarum Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 0.88% 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.
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