Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Decreases By 71.4%

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 34,334 shares, a decline of 71.4% from the January 15th total of 120,160 shares. Based on an average daily trading volume, of 38,177 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 38,177 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Intelligent Protection Management stock. Renaissance Technologies LLC increased its position in shares of Intelligent Protection Management Corp. (NASDAQ:IPM) by 50.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,100 shares of the company’s stock after purchasing an additional 18,400 shares during the quarter. Renaissance Technologies LLC owned 0.61% of Intelligent Protection Management worth $95,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.88% of the company’s stock.

Intelligent Protection Management Stock Up 0.6%

Shares of IPM traded up $0.01 during midday trading on Thursday, hitting $1.69. The company had a trading volume of 12,406 shares, compared to its average volume of 43,698. The stock has a market cap of $15.36 million, a price-to-earnings ratio of -16.90 and a beta of 0.37. The company’s 50 day moving average price is $1.78 and its 200 day moving average price is $1.90. Intelligent Protection Management has a 52 week low of $1.52 and a 52 week high of $2.88.

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

Analyst Upgrades and Downgrades

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

About Intelligent Protection Management

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.