Intelligent Protection Management Corp. (NASDAQ:IPM) Sees Significant Decline in Short Interest

Intelligent Protection Management Corp. (NASDAQ:IPM) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 41,253 shares, a drop of 41.6% from the May 31st total of 70,643 shares. Based on an average trading volume of 37,487 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the shares of the company are short sold.

Intelligent Protection Management Stock Performance

NASDAQ:IPM remained flat at $1.72 during midday trading on Friday. 14,171 shares of the company were exchanged, compared to its average volume of 31,166. The business’s 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $1.77. Intelligent Protection Management has a 1 year low of $1.46 and a 1 year high of $2.88. The stock has a market cap of $15.55 million, a PE ratio of -6.62 and a beta of 0.46.

Intelligent Protection Management (NASDAQ:IPM) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter. Intelligent Protection Management had a negative return on equity of 18.44% and a negative net margin of 14.01%.The firm had revenue of $6.35 million for the quarter.

Insider Buying and Selling at Intelligent Protection Management

In related news, major shareholder Adam Katz 2012 Revocable Trust bought 21,512 shares of the stock in a transaction on Tuesday, April 7th. The shares were bought at an average cost of $1.80 per share, for a total transaction of $38,721.60. Following the purchase, the insider owned 958,540 shares of the company’s stock, valued at $1,725,372. This trade represents a 2.30% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 77,972 shares of company stock valued at $142,585. Company insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Intelligent Protection Management during the 4th quarter worth approximately $28,000. Virtu Financial LLC acquired a new stake in shares of Intelligent Protection Management in the 3rd quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after buying an additional 18,400 shares during the period. 3.88% of the stock is owned by hedge funds and other institutional investors.

About Intelligent Protection Management

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm’s product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.