Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 27.9% in February

Intrusion Inc. (NASDAQ:INTZ) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 474,700 shares, a growth of 27.9% from the January 31st total of 371,100 shares. Based on an average trading volume of 7,780,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.8% of the shares of the company are short sold.

Intrusion Trading Up 12.8 %

Shares of INTZ stock opened at $0.88 on Wednesday. The company has a market capitalization of $14.86 million, a P/E ratio of -0.46 and a beta of -0.63. The business’s 50 day moving average is $1.97 and its two-hundred day moving average is $1.21. Intrusion has a twelve month low of $0.35 and a twelve month high of $7.34.

Intrusion (NASDAQ:INTZ) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.36) earnings per share 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 analysts’ expectations of $2.03 million. As a group, equities analysts predict that Intrusion will post -1.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INTZ. Ascendiant Capital Markets decreased their price target 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. HC Wainwright reiterated a “neutral” rating and set a $1.00 target price on shares of Intrusion in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Intrusion by 47.5% in the fourth quarter. Geode Capital Management LLC now owns 68,662 shares of the company’s stock valued at $211,000 after purchasing an additional 22,119 shares during the period. LPL Financial LLC purchased a new position in shares of Intrusion during the 4th quarter worth approximately $31,000. Finally, IHT Wealth Management LLC purchased a new position in shares of Intrusion during the 4th quarter worth approximately $32,000. 19.43% of the stock is currently owned by institutional investors and hedge funds.

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.