Intrusion Inc. (NASDAQ:INTZ) Short Interest Update

Intrusion Inc. (NASDAQ:INTZ) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 384,661 shares, a drop of 52.4% from the July 15th total of 807,427 shares. Based on an average daily trading volume, of 219,538 shares, the short-interest ratio is currently 1.8 days. Currently, 1.9% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Intrusion from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Ascendiant Capital Markets lowered their target price on Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a report on Monday, June 8th. Finally, Weiss Ratings downgraded Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.25.

Intrusion Stock Up 0.1%

Shares of NASDAQ:INTZ traded up $0.00 during trading on Friday, hitting $0.67. The company’s stock had a trading volume of 145,749 shares, compared to its average volume of 232,600. The business has a 50 day moving average price of $0.79 and a two-hundred day moving average price of $0.87. The company has a market capitalization of $16.43 million, a PE ratio of -1.22 and a beta of -1.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.39. Intrusion has a fifty-two week low of $0.65 and a fifty-two week high of $2.27.

Intrusion (NASDAQ:INTZ) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Intrusion had a negative net margin of 191.24% and a negative return on equity of 178.06%. The company had revenue of $1.45 million during the quarter, compared to analyst estimates of $1.50 million. As a group, research analysts expect that Intrusion will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Intrusion

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Intrusion during the fourth quarter worth about $31,000. Millennium Management LLC purchased a new position in Intrusion in the third quarter worth approximately $34,000. XTX Topco Ltd acquired a new position in Intrusion during the 4th quarter worth approximately $35,000. Jane Street Group LLC acquired a new position in Intrusion during the 4th quarter worth approximately $51,000. Finally, State Street Corp increased its position in shares of Intrusion by 11.6% in the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock valued at $118,000 after purchasing an additional 10,700 shares during the last quarter. Hedge funds and other institutional investors own 19.43% of the company’s stock.

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.