Intelligent Protection Management Corp. (NASDAQ:IPM) Short Interest Update

Intelligent Protection Management Corp. (NASDAQ:IPM) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 7,539 shares, a growth of 80.5% from the November 30th total of 4,176 shares. Based on an average daily volume of 21,496 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 21,496 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Intelligent Protection Management in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intelligent Protection Management has an average rating of “Hold” and a consensus target price of $6.00.

Intelligent Protection Management Trading Down 0.6%

Shares of Intelligent Protection Management stock traded down $0.01 on Monday, reaching $1.75. 76,975 shares of the company were exchanged, compared to its average volume of 20,146. Intelligent Protection Management has a fifty-two week low of $1.52 and a fifty-two week high of $2.88. The firm has a market capitalization of $15.91 million, a price-to-earnings ratio of -17.50 and a beta of 0.32. The stock has a fifty day moving average price of $1.88 and a 200-day moving average price of $1.95.

Intelligent Protection Management (NASDAQ:IPM) last posted its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $6.24 million for the quarter. Intelligent Protection Management had a negative net margin of 38.38% and a negative return on equity of 15.29%.

Institutional Trading of Intelligent Protection Management

An institutional investor recently bought a new position in Intelligent Protection Management stock. Virtu Financial LLC purchased a new position in Intelligent Protection Management Corp. (NASDAQ:IPM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,604 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.23% of Intelligent Protection Management as of its most recent SEC filing. Hedge funds and other institutional investors own 3.88% of the company’s stock.

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.