Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Rises By 64.2%

Intelligent Protection Management Corp. (NASDAQ:IPM) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 27,835 shares, an increase of 64.2% from the February 26th total of 16,953 shares. Based on an average daily trading volume, of 110,721 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Intelligent Protection Management Stock Down 1.9%

Shares of NASDAQ:IPM traded down $0.03 during trading on Friday, hitting $1.52. 45,028 shares of the company were exchanged, compared to its average volume of 143,447. Intelligent Protection Management has a 1-year low of $1.50 and a 1-year high of $2.88. The company has a market capitalization of $13.82 million, a P/E ratio of -10.13 and a beta of 0.37. The business’s 50 day moving average is $1.72 and its 200-day moving average is $1.85.

Intelligent Protection Management (NASDAQ:IPM) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.05) earnings per share for the quarter. Intelligent Protection Management had a negative net margin of 8.28% and a negative return on equity of 10.04%. The firm had revenue of $6.13 million for the quarter.

Institutional Trading of Intelligent Protection Management

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

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.