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

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

Institutional Trading of Alarum Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position 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 during the period. Jones Financial Companies Lllp boosted its holdings in shares of 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 acquiring an additional 5,888 shares during the period. XTX Topco Ltd purchased a new position in shares of Alarum Technologies during the second quarter worth approximately $142,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of Alarum Technologies during the fourth quarter worth approximately $4,756,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALAR has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped 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 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 issued a Sell rating to the company. According to MarketBeat.com, Alarum Technologies has an average rating of “Hold” and an average price target of $14.00.

Alarum Technologies Stock Performance

ALAR stock opened at $5.98 on Monday. The stock has a market cap of $43.36 million, a P/E ratio of 42.71 and a beta of 1.42. Alarum Technologies has a twelve month low of $5.45 and a twelve month high of $18.00. The company’s 50 day moving average is $7.14 and its two-hundred day moving average is $10.38.

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

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.