Intelligent Protection Management Corp. (NASDAQ:IPM) Sees Significant Decrease in Short Interest

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 17,750 shares, a decline of 48.3% from the January 29th total of 34,334 shares. Based on an average daily volume of 20,954 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 20,954 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Intelligent Protection Management

A number of institutional investors and hedge funds have recently made changes to their positions in IPM. Virtu Financial LLC bought a new position in Intelligent Protection Management in the 3rd quarter valued at about $43,000. Renaissance Technologies LLC raised 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 purchasing an additional 18,400 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Intelligent Protection Management in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

Intelligent Protection Management Stock Down 1.7%

IPM stock traded down $0.03 during midday trading on Friday, reaching $1.69. 17,585 shares of the company’s stock traded hands, compared to its average volume of 20,423. The firm’s fifty day moving average price is $1.75 and its 200-day moving average price is $1.88. Intelligent Protection Management has a 52 week low of $1.52 and a 52 week high of $2.88. The company has a market cap of $15.36 million, a price-to-earnings ratio of -16.90 and a beta of 0.37.

Wall Street Analyst Weigh In

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

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.