Short Interest in Intrusion Inc. (NASDAQ:INTZ) Drops By 30.6%

Intrusion Inc. (NASDAQ:INTZ) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 357,215 shares, a decrease of 30.6% from the February 12th total of 514,943 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 138,890 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 138,890 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.0% of the shares of the stock are sold short.

Intrusion Price Performance

Shares of NASDAQ INTZ traded down $0.01 during trading hours on Friday, reaching $1.06. 121,939 shares of the stock traded hands, compared to its average volume of 129,394. The company’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $1.43. The company has a market capitalization of $21.31 million, a P/E ratio of -1.58 and a beta of -2.02. Intrusion has a 52-week low of $0.75 and a 52-week high of $2.64. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.01.

Institutional Trading of Intrusion

A number of institutional investors have recently made changes to their positions in INTZ. Virtu Financial LLC bought a new position in shares of Intrusion in the fourth quarter worth approximately $31,000. Millennium Management LLC bought a new stake in Intrusion during the 3rd quarter valued at $34,000. XTX Topco Ltd purchased a new stake in Intrusion during the 4th quarter valued at $35,000. Jane Street Group LLC bought a new position in shares of Intrusion during the fourth quarter valued at about $51,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Intrusion during the third quarter worth about $91,000. Hedge funds and other institutional investors own 19.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded Intrusion from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Ascendiant Capital Markets lifted their price target on Intrusion from $12.00 to $12.50 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intrusion in a report on Monday, December 29th. 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 MarketBeat, Intrusion currently has an average rating of “Hold” and an average target price of $7.25.

About Intrusion

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.