Short Interest in Intrusion Inc. (NASDAQ:INTZ) Increases By 1,202.3%

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

Intrusion Price Performance

Shares of Intrusion stock traded down $0.12 on Tuesday, reaching $1.66. 672,221 shares of the company were exchanged, compared to its average volume of 8,146,706. The stock’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.16. The company has a market cap of $27.95 million, a P/E ratio of -0.87 and a beta of -0.60. Intrusion has a 1-year low of $0.35 and a 1-year high of $7.34.

Intrusion (NASDAQ:INTZ) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.07. The firm had revenue of $1.50 million for the quarter, compared to analysts’ expectations of $1.58 million. During the same period last year, the firm posted ($2.80) earnings per share. On average, research analysts predict that Intrusion will post -1.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on INTZ shares. Ascendiant Capital Markets dropped their target price on Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. HC Wainwright reiterated a “neutral” rating and issued a $1.00 price objective on shares of Intrusion in a report on Wednesday, November 13th.

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.