ALARM.COM Holdings Inc (NASDAQ:ALRM) Shorted Shares Increased 16.94% After Market Selling

April 17, 2018 - By Nellie Frank

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Logo

The stock of ALARM.COM Holdings Inc (NASDAQ:ALRM) registered an increase of 16.94% in short interest. ALRM’s total short interest was 4.46M shares in April as published by FINRA. Its up 16.94% from 3.81 million shares, reported previously. With 439,000 shares average volume, it will take short sellers 10 days to cover their ALRM’s short positions. The short interest to ALARM.COM Holdings Inc’s float is 14.81%.

The stock increased 3.83% or $1.54 during the last trading session, reaching $41.79. About 505,890 shares traded or 6.59% up from the average. Alarm.com Holdings, Inc. (NASDAQ:ALRM) has risen 24.79% since April 17, 2017 and is uptrending. It has outperformed by 13.24% the S&P500.

Alarm.com Holdings, Inc. provides cloud software platform solutions for the smart homes and businesses in the United States and internationally. The company has market cap of $1.97 billion. The firm provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions. It has a 70.83 P/E ratio. It also offers intelligent automation and energy management solutions, including smart thermostat schedules, responsive savings, precision comfort, geo-services, demand response programs, and energy usage and environmental monitoring solutions.

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Ratings Coverage

Among 9 analysts covering Alarmcom (NASDAQ:ALRM), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Alarmcom had 12 analyst reports since October 24, 2017 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Thursday, November 9. The firm earned “Buy” rating on Thursday, November 2 by Maxim Group. Bank of America upgraded the stock to “Buy” rating in Tuesday, October 24 report. Jefferies upgraded Alarm.com Holdings, Inc. (NASDAQ:ALRM) on Thursday, January 18 to “Buy” rating. The company was maintained on Thursday, November 9 by Maxim Group. As per Thursday, November 9, the company rating was maintained by Stifel Nicolaus. Maxim Group maintained the shares of ALRM in report on Thursday, March 22 with “Buy” rating. The rating was maintained by Raymond James on Monday, March 19 with “Outperform”. Roth Capital maintained the shares of ALRM in report on Wednesday, February 28 with “Buy” rating. The firm has “Buy” rating given on Friday, February 16 by Imperial Capital.

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Ratings Chart

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