Intrusion Inc. (NASDAQ:INTZ) Short Interest Update

Intrusion Inc. (NASDAQ:INTZ) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 376,021 shares, a decrease of 50.1% from the August 31st total of 753,103 shares. Based on an average daily trading volume, of 122,078 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Intrusion

A hedge fund recently bought a new position in Intrusion stock. Potomac Capital Management Inc. acquired a new position in Intrusion Inc. (NASDAQ:INTZ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 473,050 shares of the company’s stock, valued at approximately $544,000. Potomac Capital Management Inc. owned about 2.35% of Intrusion at the end of the most recent reporting period. 19.43% of the stock is currently owned by institutional investors.

Intrusion Price Performance

Shares of NASDAQ INTZ traded down $0.00 during mid-day trading on Thursday, hitting $0.72. 9,445 shares of the stock were exchanged, compared to its average volume of 775,511. Intrusion has a twelve month low of $0.59 and a twelve month high of $2.27. The stock’s fifty day simple moving average is $0.75 and its two-hundred day simple moving average is $0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $17.57 million, a P/E ratio of -1.30 and a beta of -1.55.

Intrusion (NASDAQ:INTZ) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $1.45 million for the quarter, compared to the consensus estimate of $1.50 million. Intrusion had a negative return on equity of 178.06% and a negative net margin of 191.24%. As a group, analysts forecast that Intrusion will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Ascendiant Capital Markets lowered their target price on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Monday, June 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intrusion in a research note on Wednesday, August 26th. Finally, Zacks Research raised Intrusion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.25.

About Intrusion

Intrusion Inc is a cybersecurity company that develops solutions designed to help organizations identify, prevent and investigate cyber threats. Its offerings use proprietary threat intelligence and information about internet-connected systems to support network defense, threat detection and incident response.

The company’s product portfolio includes INTRUSION Shield, a cybersecurity platform intended to block malicious internet traffic and protect networks from known and emerging threats.