Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Increases By 26.8%

Intelligent Protection Management Corp. (NASDAQ:IPM) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 35,292 shares, a growth of 26.8% from the March 15th total of 27,835 shares. Based on an average daily volume of 157,678 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of Intelligent Protection Management

Several institutional investors have recently added to or reduced their stakes in IPM. XTX Topco Ltd bought a new position in shares of Intelligent Protection Management during the fourth quarter valued at about $28,000. Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management in the 3rd quarter valued at about $43,000. Finally, Renaissance Technologies LLC boosted its holdings in Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after acquiring an additional 18,400 shares during the period. 3.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Intelligent Protection Management in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Intelligent Protection Management Stock Performance

IPM stock opened at $1.73 on Friday. The company has a market capitalization of $15.73 million, a PE ratio of -11.53 and a beta of 0.26. Intelligent Protection Management has a one year low of $1.46 and a one year high of $2.88. The company’s 50 day moving average price is $1.70 and its two-hundred day moving average price is $1.81.

Intelligent Protection Management (NASDAQ:IPM) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. Intelligent Protection Management had a negative net margin of 8.28% and a negative return on equity of 10.04%. The business had revenue of $6.13 million during the quarter.

Intelligent Protection Management Company Profile

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm’s product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.