Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) Short Interest Update

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 114,239 shares, a decline of 17.9% from the January 15th total of 139,072 shares. Based on an average trading volume of 57,006 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.6% of the shares of the company are sold short. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 57,006 shares, the days-to-cover ratio is currently 2.0 days.

Alarum Technologies Price Performance

Shares of ALAR stock opened at $7.29 on Wednesday. Alarum Technologies has a 12-month low of $5.45 and a 12-month high of $18.00. The firm has a market capitalization of $52.78 million, a price-to-earnings ratio of 42.88 and a beta of 1.42. The business has a 50 day simple moving average of $8.11 and a 200 day simple moving average of $12.07.

Alarum Technologies (NASDAQ:ALAR) last announced its earnings results on Wednesday, November 26th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.15. Alarum Technologies had a return on equity of 17.77% and a net margin of 3.28%.The firm had revenue of $13.01 million for the quarter, compared to the consensus estimate of $12.75 million. During the same quarter in the previous year, the business earned $0.20 EPS.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating on shares of Alarum Technologies in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Alarum Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Alarum Technologies has a consensus rating of “Hold” and a consensus target price of $22.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in 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 buying an additional 4,500 shares in the last quarter. XTX Topco Ltd purchased a new stake in Alarum Technologies in the 2nd quarter worth approximately $142,000. Finally, Jones Financial Companies Lllp boosted its position in Alarum Technologies by 2,102.9% during the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after purchasing an additional 5,888 shares during the last quarter. Institutional investors own 3.23% of the company’s stock.

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.