Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 60.4% in February

Intrusion Inc. (NASDAQ:INTZ) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 761,400 shares, a growth of 60.4% from the February 13th total of 474,700 shares. Based on an average daily volume of 7,870,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.5% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

INTZ has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a “neutral” rating and set a $1.00 price target on shares of Intrusion in a report on Monday, March 3rd. Ascendiant Capital Markets cut their price target on shares of Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Intrusion by 47.5% during the fourth quarter. Geode Capital Management LLC now owns 68,662 shares of the company’s stock worth $211,000 after acquiring an additional 22,119 shares in the last quarter. LPL Financial LLC bought a new position in shares of Intrusion in the fourth quarter valued at $31,000. Finally, IHT Wealth Management LLC bought a new position in shares of Intrusion in the fourth quarter valued at $32,000. 19.43% of the stock is owned by institutional investors.

Intrusion Stock Down 0.9 %

NASDAQ INTZ traded down $0.01 on Friday, hitting $1.13. The company’s stock had a trading volume of 594,326 shares, compared to its average volume of 2,177,421. Intrusion has a 1-year low of $0.35 and a 1-year high of $7.34. The company’s 50-day moving average is $1.68 and its 200 day moving average is $1.20. The firm has a market cap of $21.86 million, a PE ratio of -0.59 and a beta of -0.70.

Intrusion (NASDAQ:INTZ) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.13). The firm had revenue of $1.68 million for the quarter, compared to the consensus estimate of $2.03 million. On average, equities analysts expect that Intrusion will post -1.63 EPS for the current year.

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.