Short Interest in Intrusion Inc. (NASDAQ:INTZ) Grows By 60.4%

Intrusion Inc. (NASDAQ:INTZ) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 761,400 shares, a growth of 60.4% from the February 13th total of 474,700 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average trading volume of 7,870,000 shares, the short-interest ratio is presently 0.1 days.

Intrusion Stock Performance

NASDAQ:INTZ traded down $0.01 on Friday, hitting $1.13. The stock had a trading volume of 594,326 shares, compared to its average volume of 2,177,421. The stock has a market cap of $21.86 million, a P/E ratio of -0.59 and a beta of -0.70. Intrusion has a 1 year low of $0.35 and a 1 year high of $7.34. The firm’s fifty day simple moving average is $1.68 and its two-hundred day simple moving average is $1.20.

Intrusion (NASDAQ:INTZ) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.13). The business had revenue of $1.68 million for the quarter, compared to analysts’ expectations of $2.03 million. Equities research analysts predict that Intrusion will post -1.63 EPS for the current year.

Wall Street Analyst Weigh In

INTZ has been the topic of a number of analyst reports. Ascendiant Capital Markets lowered their target price on shares of Intrusion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. HC Wainwright restated a “neutral” rating and issued a $1.00 target price on shares of Intrusion in a report on Monday, March 3rd.

Institutional Investors Weigh In On Intrusion

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

About Intrusion

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.