Intrusion Inc. (NASDAQ:INTZ) Sees Significant Growth in Short Interest

Intrusion Inc. (NASDAQ:INTZ) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,240,000 shares, a growth of 1,202.3% from the December 15th total of 248,800 shares. Approximately 24.9% of the company’s stock are short sold. Based on an average daily volume of 6,910,000 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. HC Wainwright reiterated a “neutral” rating and issued a $1.00 target price on shares of Intrusion in a research report on Wednesday, November 13th. Ascendiant Capital Markets reduced their price objective on Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Intrusion Trading Down 2.2 %

Shares of NASDAQ:INTZ opened at $2.22 on Tuesday. The stock has a market capitalization of $19.35 million, a PE ratio of -1.16 and a beta of -0.60. Intrusion has a 1 year low of $0.35 and a 1 year high of $7.34. The firm has a fifty day moving average price of $1.17 and a 200 day moving average price of $1.09.

Intrusion (NASDAQ:INTZ) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.07. The business had revenue of $1.50 million for the quarter, compared to analyst estimates of $1.58 million. During the same quarter in the prior year, the firm earned ($2.80) EPS. On average, sell-side analysts forecast that Intrusion will post -1.64 earnings per share for the current fiscal year.

Intrusion Company Profile

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections.