Short Interest in Intrusion Inc. (NASDAQ:INTZ) Drops By 5.9%

Intrusion Inc. (NASDAQ:INTZ) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 74,300 shares, a drop of 5.9% from the May 31st total of 79,000 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 239,400 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price target on Intrusion from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 15th.

Intrusion Price Performance

NASDAQ INTZ remained flat at $1.08 on Wednesday. 13,741 shares of the company traded hands, compared to its average volume of 132,956. The company’s 50-day moving average price is $1.52 and its two-hundred day moving average price is $3.18. The stock has a market capitalization of $5.29 million, a P/E ratio of -0.16 and a beta of 0.54. Intrusion has a 12 month low of $1.04 and a 12 month high of $25.00.

Intrusion (NASDAQ:INTZ) last announced its earnings results on Tuesday, May 14th. The company reported ($0.94) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.45. The company had revenue of $1.13 million during the quarter, compared to analyst estimates of $1.25 million. During the same quarter last year, the business earned ($4.40) EPS. As a group, equities research analysts predict that Intrusion will post -2.72 EPS for the current fiscal year.

Insider Transactions at Intrusion

In other news, CEO Anthony Scott bought 585,748 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average cost of $1.70 per share, for a total transaction of $995,771.60. Following the purchase, the chief executive officer now directly owns 638,281 shares in the company, valued at approximately $1,085,077.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.58% of the company’s stock.

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.