Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 60.4% in February

by · The Cerbat Gem

Intrusion Inc. (NASDAQ:INTZ – Get Free Report) was the recipient of a significant growth in short interest in 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 daily trading volume, of 7,870,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Intrusion

A number of large investors have recently added to or reduced their stakes in INTZ. LPL Financial LLC purchased a new position in shares of Intrusion in the fourth quarter worth about $31,000. IHT Wealth Management LLC purchased a new position in shares of Intrusion in the fourth quarter worth about $32,000. Finally, Geode Capital Management LLC increased its stake in shares of Intrusion by 47.5% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 19.43% of the company’s stock.

Intrusion Price Performance

Shares of INTZ stock 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 business has a 50 day moving average of $1.68 and a 200 day moving average of $1.20. The stock has a market cap of $21.86 million, a price-to-earnings ratio of -0.59 and a beta of -0.70. Intrusion has a 12-month low of $0.35 and a 12-month high of $7.34.

Intrusion (NASDAQ:INTZ – Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.03 million. As a group, research analysts expect that Intrusion will post -1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INTZ shares. Ascendiant Capital Markets dropped their price objective on shares of Intrusion from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. HC Wainwright reiterated a “neutral” rating and issued a $1.00 target price on shares of Intrusion in a report on Monday, March 3rd.

Read Our Latest Report on INTZ

Intrusion Company Profile

(Get Free Report)

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.

Further Reading