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

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 114,239 shares, a decrease of 17.9% from the January 15th total of 139,072 shares. Based on an average daily volume of 57,006 shares, the short-interest ratio is currently 2.0 days. Approximately 1.6% of the company’s stock are short sold. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 57,006 shares, the short-interest ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALAR. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a report on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Alarum Technologies in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.00.

Alarum Technologies Stock Up 3.0%

Shares of ALAR stock opened at $7.47 on Tuesday. The company has a market cap of $54.08 million, a P/E ratio of 43.94 and a beta of 1.42. The business has a 50 day moving average of $8.13 and a two-hundred day moving average of $12.10. Alarum Technologies has a 52 week low of $5.45 and a 52 week high of $18.00.

Alarum Technologies (NASDAQ:ALAR) last announced its quarterly earnings results on Wednesday, November 26th. The company reported $0.19 earnings per share 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 business had revenue of $13.01 million for the quarter, compared to analysts’ expectations of $12.75 million. During the same period in the prior year, the firm earned $0.20 EPS.

Institutional Trading of Alarum Technologies

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Alarum Technologies by 34.6% in the 4th 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 acquired a new position in Alarum Technologies during the second quarter worth about $142,000. Finally, Jones Financial Companies Lllp raised its position 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 worth $39,000 after acquiring an additional 5,888 shares in the last quarter. 3.23% of the stock is currently owned by institutional investors.

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.