Intelligent Protection Management Corp. (NASDAQ:IPM) Sees Large Growth in Short Interest

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 120,160 shares, an increase of 1,366.3% from the December 31st total of 8,195 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 306,463 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 306,463 shares, the short-interest ratio is currently 0.4 days. Currently, 1.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Intelligent Protection Management in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Intelligent Protection Management currently has a consensus rating of “Sell”.

Intelligent Protection Management Stock Performance

Shares of NASDAQ IPM traded up $0.01 during trading on Tuesday, hitting $1.78. The company had a trading volume of 17,403 shares, compared to its average volume of 172,183. Intelligent Protection Management has a 12 month low of $1.52 and a 12 month high of $2.88. The firm has a market capitalization of $16.18 million, a P/E ratio of -17.80 and a beta of 0.34. The stock has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $1.92.

Intelligent Protection Management (NASDAQ:IPM) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter. Intelligent Protection Management had a negative return on equity of 15.29% and a negative net margin of 38.38%.The business had revenue of $6.24 million during the quarter.

Institutional Trading of Intelligent Protection Management

An institutional investor recently bought a new position in Intelligent Protection Management stock. Virtu Financial LLC purchased a new position in Intelligent Protection Management Corp. (NASDAQ:IPM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,604 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.23% of Intelligent Protection Management as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.88% of the company’s stock.

Intelligent Protection Management Company Profile

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.