Short Interest in Intrusion Inc. (NASDAQ:INTZ) Rises By 82.5%

Intrusion Inc. (NASDAQ:INTZ) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,490,000 shares, a growth of 82.5% from the March 15th total of 816,300 shares. Based on an average daily trading volume, of 2,160,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 8.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Intrusion

A number of institutional investors have recently added to or reduced their stakes in INTZ. LPL Financial LLC purchased a new stake in Intrusion in the fourth quarter worth $31,000. IHT Wealth Management LLC purchased a new position in Intrusion in the 4th quarter worth about $32,000. Finally, Geode Capital Management LLC increased its stake in Intrusion by 47.5% in the 4th quarter. Geode Capital Management LLC now owns 68,662 shares of the company’s stock worth $211,000 after buying an additional 22,119 shares during the period. 19.43% of the stock is owned by hedge funds and other institutional investors.

Intrusion Stock Performance

Shares of NASDAQ INTZ traded down $0.05 during midday trading on Friday, hitting $1.04. 121,192 shares of the company’s stock traded hands, compared to its average volume of 2,186,335. The stock has a market capitalization of $20.29 million, a price-to-earnings ratio of -0.54 and a beta of -1.26. The firm has a fifty day moving average of $1.16 and a 200 day moving average of $1.22. Intrusion has a 1 year low of $0.35 and a 1 year high of $7.34.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.13). The business had revenue of $1.68 million during the quarter, compared to analyst estimates of $2.03 million. On average, equities analysts anticipate that Intrusion will post -1.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “neutral” rating and set a $1.00 price target on shares of Intrusion in a report on Monday, March 3rd.

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.