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

Intrusion Inc. (NASDAQ:INTZ) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 196,600 shares, a growth of 33.0% from the November 15th total of 147,800 shares. Based on an average daily trading volume, of 183,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.7% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Intrusion Price Performance

Shares of INTZ traded down $0.02 during mid-day trading on Friday, hitting $0.47. The company’s stock had a trading volume of 110,643 shares, compared to its average volume of 138,201. Intrusion has a fifty-two week low of $0.45 and a fifty-two week high of $5.40. The stock has a market capitalization of $3.77 million, a price-to-earnings ratio of -0.24 and a beta of 0.43. The firm has a 50-day moving average price of $0.68 and a 200 day moving average price of $1.00.

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

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.