Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Expands By 64.2%

Intelligent Protection Management Corp. (NASDAQ:IPM) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 27,835 shares, a growth of 64.2% from the February 26th total of 16,953 shares. Based on an average daily trading volume, of 110,721 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Intelligent Protection Management Price Performance

IPM traded down $0.03 on Friday, reaching $1.52. The company’s stock had a trading volume of 45,028 shares, compared to its average volume of 143,447. The stock has a market cap of $13.82 million, a price-to-earnings ratio of -10.13 and a beta of 0.37. Intelligent Protection Management has a 1 year low of $1.50 and a 1 year high of $2.88. The business’s 50 day moving average is $1.72 and its 200 day moving average is $1.85.

Intelligent Protection Management (NASDAQ:IPM) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $6.13 million for the quarter. Intelligent Protection Management had a negative return on equity of 10.04% and a negative net margin of 8.28%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intelligent Protection Management in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Intelligent Protection Management

Several institutional investors and hedge funds have recently bought and sold shares of IPM. Renaissance Technologies LLC increased its holdings in shares of Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after acquiring an additional 18,400 shares during the last quarter. Virtu Financial LLC acquired a new position in Intelligent Protection Management in the third quarter worth $43,000. Finally, XTX Topco Ltd bought a new stake in Intelligent Protection Management during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

About Intelligent Protection Management

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.