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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was the target of a significant 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 short-interest ratio is currently 2.0 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 57,006 shares, the short-interest ratio is currently 2.0 days.

Hedge Funds Weigh In On Alarum Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake 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 buying an additional 4,500 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 purchasing an additional 5,888 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Alarum Technologies during the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALAR. Canaccord Genuity Group reiterated a “buy” rating on shares of Alarum Technologies in a research note on Friday, November 28th. Weiss Ratings reiterated 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.00.

Alarum Technologies Trading Up 3.0%

Shares of NASDAQ:ALAR opened at $7.47 on Monday. Alarum Technologies has a twelve month low of $5.45 and a twelve month high of $18.00. The company has a market cap of $54.08 million, a PE ratio of 43.94 and a beta of 1.42. The company’s 50 day moving average is $8.14 and its 200 day moving average is $12.14.

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

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.