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

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ALAR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a report on Monday, December 29th. Canaccord Genuity Group decreased their price target on Alarum Technologies from $27.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Institutional Trading of Alarum Technologies

Several institutional investors and hedge funds have recently modified their holdings of ALAR. Altshuler Shaham Ltd bought a new stake in shares of Alarum Technologies during the 4th quarter valued at about $4,756,000. Renaissance Technologies LLC increased its position in shares of Alarum Technologies by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after purchasing an additional 4,500 shares during the last quarter. XTX Topco Ltd purchased a new stake in Alarum Technologies in the second quarter valued at approximately $142,000. Finally, Jones Financial Companies Lllp raised its stake in Alarum Technologies by 2,102.9% in 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 in the last quarter. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Price Performance

Shares of NASDAQ:ALAR opened at $5.60 on Tuesday. The firm has a fifty day moving average price of $7.07 and a two-hundred day moving average price of $10.30. The company has a market cap of $40.60 million, a price-to-earnings ratio of 40.00 and a beta of 1.42. Alarum Technologies has a one year low of $5.45 and a one year high of $18.00.

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

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.