Intrusion Inc. (NASDAQ:INTZ) Short Interest Update

Intrusion Inc. (NASDAQ:INTZ) saw a large growth in short interest in 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. Based on an average daily volume of 7,870,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.5% of the shares of the stock are sold short.

Intrusion Price Performance

Shares of Intrusion stock opened at $1.15 on Monday. Intrusion has a 12 month low of $0.35 and a 12 month high of $7.34. The stock has a market capitalization of $22.32 million, a P/E ratio of -0.60 and a beta of -0.70. The business has a 50 day simple moving average of $1.68 and a two-hundred day simple moving average of $1.20.

Intrusion (NASDAQ:INTZ) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.13). The company had revenue of $1.68 million during the quarter, compared to the consensus estimate of $2.03 million. As a group, research analysts anticipate that Intrusion will post -1.63 EPS for the current fiscal year.

Institutional Trading of Intrusion

Several large investors have recently bought and sold shares of the company. IHT Wealth Management LLC bought a new stake in Intrusion during the 4th quarter valued at approximately $32,000. Geode Capital Management LLC boosted its position in Intrusion by 47.5% during the 4th quarter. Geode Capital Management LLC now owns 68,662 shares of the company’s stock valued at $211,000 after acquiring an additional 22,119 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in Intrusion during the 4th quarter valued at approximately $31,000. 19.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTZ. Ascendiant Capital Markets reduced their price target on Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. HC Wainwright reissued a “neutral” rating and set a $1.00 target price on shares of Intrusion in a report on Monday, March 3rd.

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.