Intelligent Protection Management Corp. (NASDAQ:IPM) Short Interest Down 41.6% in June

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 41,253 shares, a drop of 41.6% from the May 31st total of 70,643 shares. Based on an average daily trading volume, of 37,487 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s shares are sold short.

Insider Activity

In related news, major shareholder Adam Katz 2012 Revocable Trust acquired 21,512 shares of Intelligent Protection Management stock in a transaction dated Tuesday, April 7th. The shares were purchased at an average cost of $1.80 per share, with a total value of $38,721.60. Following the completion of the purchase, the insider owned 958,540 shares of the company’s stock, valued at $1,725,372. This represents a 2.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 77,972 shares of company stock worth $142,585 over the last quarter. 20.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Intelligent Protection Management by 50.1% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after buying an additional 18,400 shares during the period. Virtu Financial LLC purchased a new stake in Intelligent Protection Management during the 3rd quarter valued at $43,000. Finally, XTX Topco Ltd purchased a new stake in Intelligent Protection Management during the 4th quarter valued at $28,000. Institutional investors own 3.88% of the company’s stock.

Intelligent Protection Management Price Performance

IPM stock remained flat at $1.74 during trading on Wednesday. The company had a trading volume of 21,767 shares, compared to its average volume of 73,947. The firm has a market capitalization of $15.73 million, a price-to-earnings ratio of -6.69 and a beta of 0.45. Intelligent Protection Management has a 52 week low of $1.46 and a 52 week high of $2.88. The stock has a 50-day moving average of $1.84 and a 200-day moving average of $1.77.

Intelligent Protection Management (NASDAQ:IPM) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter. The company had revenue of $6.35 million during the quarter. Intelligent Protection Management had a negative return on equity of 18.44% and a negative net margin of 14.01%.

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.