Short Interest in Intrusion Inc. (NASDAQ:INTZ) Declines By 21.4%

Intrusion Inc. (NASDAQ:INTZ) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 273,423 shares, a decline of 21.4% from the March 31st total of 347,978 shares. Based on an average trading volume of 119,258 shares, the short-interest ratio is presently 2.3 days. Approximately 1.5% of the shares of the company are short sold.

Intrusion Trading Up 4.5%

Shares of INTZ traded up $0.03 during mid-day trading on Thursday, reaching $0.80. 32,070 shares of the stock traded hands, compared to its average volume of 138,393. The firm has a fifty day moving average price of $0.95 and a 200 day moving average price of $1.24. The company has a market cap of $16.30 million, a price-to-earnings ratio of -1.78 and a beta of -1.84. Intrusion has a 1 year low of $0.75 and a 1 year high of $2.64.

Intrusion (NASDAQ:INTZ) last released its quarterly earnings results on Tuesday, March 24th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $1.48 million for the quarter, compared to analysts’ expectations of $2.06 million. Intrusion had a negative net margin of 127.65% and a negative return on equity of 86.02%. On average, sell-side analysts anticipate that Intrusion will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Intrusion in the fourth quarter worth approximately $31,000. XTX Topco Ltd bought a new position in shares of Intrusion in the fourth quarter worth approximately $35,000. State Street Corp increased its position in shares of Intrusion by 11.6% in the fourth quarter. State Street Corp now owns 102,765 shares of the company’s stock worth $118,000 after purchasing an additional 10,700 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Intrusion in the fourth quarter worth approximately $51,000. Finally, Potomac Capital Management Inc. bought a new position in shares of Intrusion in the fourth quarter worth approximately $544,000. 19.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INTZ. Wall Street Zen upgraded Intrusion from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Ascendiant Capital Markets lowered their price objective on Intrusion from $12.50 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, April 9th. HC Wainwright lowered their price objective on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, Weiss Ratings cut Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.75.

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. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.