Short Interest in Intrusion Inc. (NASDAQ:INTZ) Decreases By 52.4%

Intrusion Inc. (NASDAQ:INTZ) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 384,661 shares, a drop of 52.4% from the July 15th total of 807,427 shares. Based on an average daily volume of 219,538 shares, the short-interest ratio is presently 1.8 days. Currently, 1.9% of the company’s shares are sold short.

Institutional Trading of Intrusion

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Intrusion by 18.8% in the 2nd quarter. Geode Capital Management LLC now owns 163,584 shares of the company’s stock worth $375,000 after buying an additional 25,894 shares during the period. XTX Topco Ltd purchased a new stake in Intrusion during the second quarter valued at about $55,000. Millennium Management LLC purchased a new stake in Intrusion during the third quarter valued at about $34,000. Potomac Capital Management Inc. purchased a new stake in Intrusion during the fourth quarter valued at about $544,000. Finally, Jane Street Group LLC acquired a new stake in Intrusion during the fourth quarter worth about $51,000. 19.43% of the stock is owned by hedge funds and other institutional investors.

Intrusion Trading Down 3.1%

Shares of NASDAQ INTZ traded down $0.02 on Monday, reaching $0.65. 197,124 shares of the company traded hands, compared to its average volume of 893,367. The stock has a market capitalization of $15.93 million, a PE ratio of -1.18 and a beta of -1.57. Intrusion has a fifty-two week low of $0.64 and a fifty-two week high of $2.27. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $0.79 and a 200 day moving average of $0.87.

Intrusion (NASDAQ:INTZ) last released its earnings results on Tuesday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Intrusion had a negative return on equity of 178.06% and a negative net margin of 191.24%.The company had revenue of $1.45 million during the quarter, compared to analyst estimates of $1.50 million. On average, equities research analysts forecast that Intrusion will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INTZ shares. Ascendiant Capital Markets cut their price objective on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Monday, June 8th. Weiss Ratings cut shares of Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. Finally, Zacks Research upgraded Intrusion from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Intrusion presently has a consensus rating of “Hold” and an average target price of $5.25.

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. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.