Intrusion Inc. (NASDAQ:INTZ) Short Interest Update

Intrusion Inc. (NASDAQ:INTZ) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 753,103 shares, a growth of 62.2% from the August 15th total of 464,432 shares. Based on an average daily trading volume, of 371,382 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Ascendiant Capital Markets dropped their price target on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Monday, June 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intrusion in a research report on Wednesday, August 26th. Finally, Zacks Research upgraded shares of Intrusion from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.25.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Intrusion stock. Potomac Capital Management Inc. purchased a new stake in Intrusion Inc. (NASDAQ:INTZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 473,050 shares of the company’s stock, valued at approximately $544,000. Potomac Capital Management Inc. owned approximately 2.35% of Intrusion at the end of the most recent reporting period. 19.43% of the stock is owned by institutional investors and hedge funds.

Intrusion Trading Down 1.2%

NASDAQ:INTZ traded down $0.01 on Thursday, reaching $0.76. 65,203 shares of the company’s stock were exchanged, compared to its average volume of 812,244. The business has a fifty day moving average of $0.79 and a 200-day moving average of $0.83. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.25. Intrusion has a 52-week low of $0.59 and a 52-week high of $2.27. The firm has a market capitalization of $18.65 million, a price-to-earnings ratio of -1.38 and a beta of -1.55.

Intrusion (NASDAQ:INTZ) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $1.45 million during the quarter, compared to analyst estimates of $1.50 million. Intrusion had a negative net margin of 191.24% and a negative return on equity of 178.06%. As a group, analysts expect that Intrusion will post -0.36 earnings per share for the current year.

Intrusion Company Profile

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.