Short Interest in Intrusion Inc. (NASDAQ:INTZ) Expands By 1,202.3%

Intrusion Inc. (NASDAQ:INTZ) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,240,000 shares, an increase of 1,202.3% from the December 15th total of 248,800 shares. Based on an average daily trading volume, of 6,910,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 24.9% of the company’s shares are sold short.

Intrusion Stock Performance

NASDAQ INTZ traded up $0.09 during trading hours on Wednesday, reaching $2.24. The stock had a trading volume of 1,427,853 shares, compared to its average volume of 12,723,229. Intrusion has a 52-week low of $0.35 and a 52-week high of $7.34. The stock has a fifty day moving average of $1.20 and a 200 day moving average of $1.09. The stock has a market cap of $19.52 million, a P/E ratio of -1.17 and a beta of -0.60.

Intrusion (NASDAQ:INTZ) last announced its earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.07. The business had revenue of $1.50 million for the quarter, compared to analysts’ expectations of $1.58 million. During the same quarter last year, the business earned ($2.80) EPS. On average, equities research analysts forecast that Intrusion will post -1.64 EPS for the current year.

Analysts Set New Price Targets

INTZ has been the subject of several research analyst reports. HC Wainwright reiterated a “neutral” rating and set a $1.00 target price on shares of Intrusion in a research report on Wednesday, November 13th. Ascendiant Capital Markets lowered their price objective on shares of Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th.

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.