Intrusion Inc. (NASDAQ:INTZ) Sees Significant Growth in Short Interest

Intrusion Inc. (NASDAQ:INTZ) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 248,800 shares, an increase of 26.6% from the November 30th total of 196,600 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 199,400 shares, the days-to-cover ratio is currently 1.2 days.

Intrusion Trading Up 380.0 %

Shares of NASDAQ:INTZ traded up $1.71 on Friday, hitting $2.16. The company had a trading volume of 188,382,656 shares, compared to its average volume of 921,066. Intrusion has a 52-week low of $0.35 and a 52-week high of $5.40. The company has a market cap of $18.82 million, a PE ratio of -1.13 and a beta of 0.43. The business has a 50 day moving average of $0.64 and a 200 day moving average of $0.94.

Intrusion (NASDAQ:INTZ) last released its earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.07. The company had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $1.58 million. During the same quarter in the previous year, the firm posted ($2.80) earnings per share. As a group, equities analysts predict that Intrusion will post -1.64 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Ascendiant Capital Markets decreased their price target on shares of Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. HC Wainwright reissued a “neutral” rating and set a $1.00 price target on shares of Intrusion in a report on Wednesday, November 13th.

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.