Intelligent Protection Management Corp. (NASDAQ:IPM) Short Interest Down 41.6% in June

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 41,253 shares, a decrease of 41.6% from the May 31st total of 70,643 shares. Based on an average daily trading volume, of 37,487 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the stock are short sold.

Insider Activity

In other news, major shareholder Adam Katz 2012 Revocable Trust purchased 19,309 shares of the stock in a transaction dated Friday, April 10th. The shares were purchased at an average cost of $1.79 per share, with a total value of $34,563.11. Following the completion of the acquisition, the insider owned 1,000,000 shares in the company, valued at $1,790,000. This represents a 1.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought 77,972 shares of company stock valued at $142,585 over the last quarter. Corporate insiders own 20.80% of the company’s stock.

Hedge Funds Weigh In On Intelligent Protection Management

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after buying an additional 18,400 shares in the last quarter. Virtu Financial LLC bought a new stake in Intelligent Protection Management in the 3rd quarter worth approximately $43,000. Finally, XTX Topco Ltd purchased a new stake in Intelligent Protection Management in the fourth quarter worth approximately $28,000. 3.88% of the stock is currently owned by hedge funds and other institutional investors.

Intelligent Protection Management Stock Performance

Shares of Intelligent Protection Management stock remained flat at $1.74 on Wednesday. 21,767 shares of the stock traded hands, compared to its average volume of 73,947. Intelligent Protection Management has a 12-month low of $1.46 and a 12-month high of $2.88. The company has a market capitalization of $15.73 million, a P/E ratio of -6.69 and a beta of 0.45. The company’s 50-day simple moving average is $1.84 and its 200-day simple moving average is $1.77.

Intelligent Protection Management (NASDAQ:IPM) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $6.35 million during the quarter. Intelligent Protection Management had a negative return on equity of 18.44% and a negative net margin of 14.01%.

About Intelligent Protection Management

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm’s product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.