Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Down 17.5% in March

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 113,968 shares, a decrease of 17.5% from the February 26th total of 138,142 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 26,141 shares, the days-to-cover ratio is currently 4.4 days.

Wall Street Analysts Forecast Growth

ALAR has been the topic of several research reports. Canaccord Genuity Group lowered their price objective on shares of Alarum Technologies from $27.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Alarum Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

Alarum Technologies Price Performance

Shares of NASDAQ ALAR opened at $5.96 on Wednesday. Alarum Technologies has a one year low of $5.45 and a one year high of $18.00. The business’s fifty day moving average price is $7.02 and its 200-day moving average price is $10.23. The stock has a market capitalization of $43.22 million, a PE ratio of 42.57 and a beta of 1.42.

Alarum Technologies (NASDAQ:ALAR) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $11.82 million during the quarter, compared to analyst estimates of $12.01 million. Alarum Technologies had a return on equity of 15.59% and a net margin of 2.36%.

Institutional Trading of Alarum Technologies

Institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its holdings in Alarum Technologies by 2,102.9% in the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after buying an additional 5,888 shares during the period. XTX Topco Ltd bought a new stake in Alarum Technologies during the 2nd quarter valued at $142,000. Renaissance Technologies LLC lifted its position in shares of Alarum Technologies by 34.6% during the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Alarum Technologies during the fourth quarter worth $4,756,000. 3.23% of the stock is currently owned by hedge funds and other institutional investors.

Alarum Technologies Company Profile

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.