Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 221.1% in July

Intrusion Inc. (NASDAQ:INTZ) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 807,427 shares, an increase of 221.1% from the June 30th total of 251,477 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily volume of 1,085,698 shares, the short-interest ratio is presently 0.7 days.

Intrusion Price Performance

INTZ remained flat at $0.75 during trading on Monday. 364,938 shares of the company’s stock were exchanged, compared to its average volume of 5,941,293. The stock has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $0.93. Intrusion has a twelve month low of $0.66 and a twelve month high of $2.31.

Intrusion (NASDAQ:INTZ) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Intrusion had a negative net margin of 169.48% and a negative return on equity of 129.84%. The company had revenue of $0.89 million during the quarter, compared to analysts’ expectations of $2.02 million. On average, equities analysts anticipate that Intrusion will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTZ. Ascendiant Capital Markets cut their target price on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Monday, June 8th. Zacks Research cut Intrusion from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. HC Wainwright lowered their price objective on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Weiss Ratings lowered Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $5.25.

Institutional Trading of Intrusion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Intrusion by 11.6% during the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock valued at $118,000 after acquiring an additional 10,700 shares during the last quarter. Geode Capital Management LLC increased its position in Intrusion by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 187,408 shares of the company’s stock worth $216,000 after purchasing an additional 15,344 shares during the last quarter. Millennium Management LLC acquired a new stake in Intrusion during the third quarter worth about $34,000. XTX Topco Ltd purchased a new position in Intrusion during the second quarter worth about $55,000. Finally, Virtu Financial LLC purchased a new position in Intrusion during the fourth quarter worth about $31,000. 19.43% of the stock is owned by institutional investors and hedge funds.

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.