Short Interest in Intrusion Inc. (NASDAQ:INTZ) Declines By 21.4%

Intrusion Inc. (NASDAQ:INTZ) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 273,423 shares, a drop of 21.4% from the March 31st total of 347,978 shares. Based on an average daily volume of 119,258 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Several research firms recently issued reports on INTZ. Ascendiant Capital Markets reduced their price target on shares of Intrusion from $12.50 to $10.50 and set a “buy” rating for the company in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Intrusion from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, HC Wainwright cut their price objective on shares of Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intrusion presently has a consensus rating of “Hold” and an average target price of $5.75.

Institutional Investors Weigh In On Intrusion

A number of hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Intrusion by 11.6% in the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock worth $118,000 after purchasing an additional 10,700 shares during the period. Geode Capital Management LLC raised its holdings in shares of Intrusion by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 187,408 shares of the company’s stock worth $216,000 after purchasing an additional 15,344 shares during the period. Millennium Management LLC bought a new stake in Intrusion in the 3rd quarter valued at about $34,000. XTX Topco Ltd bought a new stake in Intrusion in the 2nd quarter valued at about $55,000. Finally, Virtu Financial LLC bought a new stake in Intrusion in the 4th quarter valued at about $31,000. Institutional investors own 19.43% of the company’s stock.

Intrusion Stock Performance

INTZ traded up $0.03 during mid-day trading on Thursday, reaching $0.80. 32,070 shares of the stock were exchanged, compared to its average volume of 138,393. The stock has a market capitalization of $16.30 million, a PE ratio of -1.78 and a beta of -1.84. The company has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $1.24. Intrusion has a 1 year low of $0.75 and a 1 year high of $2.64.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings results on Tuesday, March 24th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $1.48 million during the quarter, compared to analysts’ expectations of $2.06 million. Intrusion had a negative return on equity of 86.02% and a negative net margin of 127.65%. Sell-side analysts expect that Intrusion will post -0.38 EPS for the current fiscal year.

Intrusion Company Profile

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. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.