Intrusion Inc. (NASDAQ:INTZ) Short Interest Update

Intrusion Inc. (NASDAQ:INTZ) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 376,021 shares, a drop of 50.1% from the August 31st total of 753,103 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 122,078 shares, the days-to-cover ratio is presently 3.1 days.

Intrusion Stock Performance

Shares of NASDAQ:INTZ traded up $0.05 during trading on Tuesday, reaching $0.73. 74,774 shares of the stock were exchanged, compared to its average volume of 783,123. Intrusion has a 12 month low of $0.59 and a 12 month high of $2.27. The stock has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.81. 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 firm has a market cap of $17.84 million, a PE ratio of -1.32 and a beta of -1.55.

Intrusion (NASDAQ:INTZ) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.50 million. Intrusion had a negative return on equity of 178.06% and a negative net margin of 191.24%. Research analysts expect that Intrusion will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Ascendiant Capital Markets decreased 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 reiterated a “sell (e+)” rating on shares of Intrusion in a research note on Wednesday, August 26th. 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.25.

Institutional Investors Weigh In On Intrusion

An institutional investor recently bought a new position in Intrusion stock. Potomac Capital Management Inc. bought a new stake in Intrusion Inc. (NASDAQ:INTZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 473,050 shares of the company’s stock, valued at approximately $544,000. Potomac Capital Management Inc. owned 2.35% of Intrusion as of its most recent filing with the Securities and Exchange Commission (SEC). 19.43% of the stock is currently owned by institutional investors and hedge funds.

About Intrusion

Intrusion Inc is a cybersecurity company that develops solutions designed to help organizations identify, prevent and investigate cyber threats. Its offerings use proprietary threat intelligence and information about internet-connected systems to support network defense, threat detection and incident response.

The company’s product portfolio includes INTRUSION Shield, a cybersecurity platform intended to block malicious internet traffic and protect networks from known and emerging threats.