Intrusion Inc. (NASDAQ:INTZ) Short Interest Up 1,202.3% in December

Intrusion Inc. (NASDAQ:INTZ) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,240,000 shares, a growth of 1,202.3% from the December 15th total of 248,800 shares. Currently, 24.9% of the shares of the company are short sold. Based on an average trading volume of 6,910,000 shares, the days-to-cover ratio is currently 0.5 days.

Intrusion Price Performance

Intrusion stock opened at $2.22 on Tuesday. The company has a fifty day moving average price of $1.17 and a two-hundred day moving average price of $1.09. Intrusion has a 12 month low of $0.35 and a 12 month high of $7.34. The company has a market cap of $19.35 million, a PE ratio of -1.16 and a beta of -0.60.

Intrusion (NASDAQ:INTZ) last posted its 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 business had revenue of $1.50 million during the quarter, compared to analyst estimates of $1.58 million. During the same quarter in the prior year, the business earned ($2.80) earnings per share. Equities research analysts anticipate that Intrusion will post -1.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.