Intrusion Inc. (NASDAQ:INTZ) Shares Shorted: Short Interest Down 50.1% in September

Intrusion Inc. (NASDAQ:INTZ – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 376,021 shares, a decrease of 50.1% from the August 31st total of 753,103 shares. Based on an average daily trading volume, of 122,078 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.7% of the company’s stock are short sold.

Intrusion Price Performance

Shares of Intrusion stock traded down $0.01 during trading hours on Wednesday, reaching $0.72. The company’s stock had a trading volume of 74,760 shares, compared to its average volume of 779,604. The firm has a 50 day moving average price of $0.75 and a 200-day moving average price of $0.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $17.65 million, a P/E ratio of -1.31 and a beta of -1.55. Intrusion has a one year low of $0.59 and a one year high of $2.27.

Intrusion (NASDAQ:INTZ – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Intrusion had a negative return on equity of 178.06% and a negative net margin of 191.24%.The company had revenue of $1.45 million during the quarter, compared to analysts’ expectations of $1.50 million. On average, analysts predict that Intrusion will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

INTZ has been the subject of a number of research reports. Zacks Research upgraded shares of Intrusion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Ascendiant Capital Markets lowered their target price on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Intrusion in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intrusion has a consensus rating of “Hold” and an average price target of $5.25.

Read Our Latest Analysis on INTZ

Institutional Trading of Intrusion

An institutional investor recently bought a new position in Intrusion stock. Potomac Capital Management Inc. acquired a new position in shares of Intrusion Inc. (NASDAQ:INTZ – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 473,050 shares of the company’s stock, valued at approximately $544,000. Potomac Capital Management Inc. owned 2.35% of Intrusion as of its most recent SEC filing. Institutional investors and hedge funds own 19.43% of the company’s stock.

About Intrusion

(Get Free Report)

Intrusion Inc is a cybersecurity company that develops solutions designed to help organizations identify, prevent and investigate cyber threats. Its offerings use proprietary threat intelligence and information about internet-connected systems to support network defense, threat detection and incident response.

The company’s product portfolio includes INTRUSION Shield, a cybersecurity platform intended to block malicious internet traffic and protect networks from known and emerging threats.

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