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 large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 113,968 shares, a decrease of 17.5% from the February 26th total of 138,142 shares. Based on an average daily volume of 26,141 shares, the short-interest ratio is presently 4.4 days. Approximately 1.6% of the shares of the company are sold short.

Alarum Technologies Price Performance

Shares of NASDAQ ALAR opened at $5.98 on Monday. The stock has a fifty day moving average price of $7.14 and a 200 day moving average price of $10.38. Alarum Technologies has a 1-year low of $5.45 and a 1-year high of $18.00. The company has a market cap of $43.36 million, a PE ratio of 42.71 and a beta of 1.42.

Alarum Technologies (NASDAQ:ALAR) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.15 earnings per share (EPS) for the quarter. The company 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALAR shares. Canaccord Genuity Group reduced their target price on shares of Alarum Technologies from $27.00 to $14.00 and set a “buy” rating for the company in a report on Friday, March 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a report on Monday, December 29th. One equities 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, the company currently has an average rating of “Hold” and an average price target of $14.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Alarum Technologies during the fourth quarter worth about $4,756,000. XTX Topco Ltd purchased a new stake in Alarum Technologies in the 2nd quarter valued at approximately $142,000. Jones Financial Companies Lllp boosted its holdings 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 valued at $39,000 after purchasing an additional 5,888 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Alarum Technologies by 34.6% during the 4th 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 period. 3.23% of the stock is currently owned by institutional investors and hedge funds.

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.