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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 137,105 shares, a drop of 31.6% from the November 30th total of 200,314 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 70,643 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 70,643 shares, the short-interest ratio is currently 1.9 days. Approximately 2.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALAR shares. Wall Street Zen upgraded Alarum Technologies from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a research report on Monday, December 22nd. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Alarum Technologies in a report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.00.

Hedge Funds Weigh In On Alarum Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ALAR. GAMMA Investing LLC grew its position in Alarum Technologies by 36.7% in the second quarter. GAMMA Investing LLC now owns 9,231 shares of the company’s stock valued at $125,000 after acquiring an additional 2,479 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 5,888 shares during the period. XTX Topco Ltd purchased a new position in shares of Alarum Technologies in the second quarter valued at $142,000. Finally, CreativeOne Wealth LLC acquired a new stake in Alarum Technologies during the 1st quarter valued at $158,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Trading Down 0.5%

Shares of Alarum Technologies stock opened at $7.81 on Tuesday. Alarum Technologies has a twelve month low of $5.45 and a twelve month high of $18.00. The stock has a market cap of $56.00 million, a price-to-earnings ratio of 45.94 and a beta of 1.48. The company has a fifty day moving average price of $11.17 and a 200 day moving average price of $13.12.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings data on Wednesday, November 26th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.15. Alarum Technologies had a return on equity of 17.77% and a net margin of 3.28%.The company had revenue of $13.01 million for the quarter, compared to analysts’ expectations of $12.75 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share.

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.