Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 221.1% in July

Intrusion Inc. (NASDAQ:INTZ) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 807,427 shares, an increase of 221.1% from the June 30th total of 251,477 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,085,698 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

INTZ has been the topic of several recent analyst reports. Zacks Research lowered shares of Intrusion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. HC Wainwright reduced their price target on shares of Intrusion from $2.00 to $1.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Ascendiant Capital Markets decreased their price target on Intrusion from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, Weiss Ratings downgraded Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $5.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Intrusion by 18.8% during the 2nd quarter. Geode Capital Management LLC now owns 163,584 shares of the company’s stock worth $375,000 after purchasing an additional 25,894 shares during the last quarter. XTX Topco Ltd acquired a new stake in Intrusion during the 2nd quarter valued at $55,000. Millennium Management LLC acquired a new stake in Intrusion during the 3rd quarter valued at $34,000. Tritonpoint Wealth LLC increased its position in Intrusion by 352.0% during the fourth quarter. Tritonpoint Wealth LLC now owns 158,890 shares of the company’s stock worth $183,000 after buying an additional 123,740 shares in the last quarter. Finally, Potomac Capital Management Inc. purchased a new position in Intrusion during the fourth quarter worth $544,000. 19.43% of the stock is owned by hedge funds and other institutional investors.

Intrusion Price Performance

Shares of Intrusion stock remained flat at $0.75 on Friday. 225,875 shares of the company traded hands, compared to its average volume of 5,933,700. Intrusion has a 1-year low of $0.66 and a 1-year high of $2.31. The business has a 50-day moving average of $0.80 and a two-hundred day moving average of $0.93. The stock has a market cap of $17.07 million, a P/E ratio of -1.44 and a beta of -1.66.

Intrusion (NASDAQ:INTZ) last posted its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The business had revenue of $0.89 million for the quarter, compared to analysts’ expectations of $2.02 million. Intrusion had a negative net margin of 169.48% and a negative return on equity of 129.84%. As a group, analysts expect that Intrusion will post -0.42 earnings per share for the current year.

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.