Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 221.1% in July

Intrusion Inc. (NASDAQ:INTZ) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 807,427 shares, a growth of 221.1% from the June 30th total of 251,477 shares. Currently, 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,085,698 shares, the short-interest ratio is currently 0.7 days.

Intrusion Stock Performance

NASDAQ INTZ remained flat at $0.75 during trading hours on Friday. 225,875 shares of the company’s stock traded hands, compared to its average volume of 5,933,700. The firm has a fifty day moving average of $0.80 and a 200 day moving average of $0.93. The stock has a market cap of $17.07 million, a P/E ratio of -1.44 and a beta of -1.66. Intrusion has a one year low of $0.66 and a one year high of $2.31.

Intrusion (NASDAQ:INTZ) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). The business had revenue of $0.89 million during the quarter, compared to analyst estimates of $2.02 million. Intrusion had a negative net margin of 169.48% and a negative return on equity of 129.84%. On average, sell-side analysts predict that Intrusion will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTZ has been the topic of a number of recent analyst reports. HC Wainwright dropped their price objective on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Weiss Ratings downgraded Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 29th. Zacks Research lowered shares of Intrusion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Ascendiant Capital Markets cut their price objective on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Intrusion currently has an average rating of “Reduce” and an average target price of $5.25.

Institutional Trading of Intrusion

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Intrusion during the fourth quarter worth $31,000. Millennium Management LLC acquired a new stake in Intrusion in the third quarter valued at $34,000. XTX Topco Ltd purchased a new stake in shares of Intrusion during the 4th quarter worth $35,000. Jane Street Group LLC purchased a new stake in shares of Intrusion during the 4th quarter worth $51,000. Finally, State Street Corp grew its stake in shares of Intrusion by 11.6% during 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. 19.43% of the stock is owned by institutional investors and hedge funds.

About Intrusion

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.