Intrusion Inc. (NASDAQ:INTZ) Sees Significant Increase in Short Interest

Intrusion Inc. (NASDAQ:INTZ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 753,103 shares, an increase of 62.2% from the August 15th total of 464,432 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average trading volume of 371,382 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

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

Intrusion Stock Performance

NASDAQ:INTZ opened at $0.76 on Friday. 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 fifty day moving average of $0.78 and a two-hundred day moving average of $0.83. The stock has a market capitalization of $18.65 million, a PE ratio of -1.38 and a beta of -1.55. Intrusion has a fifty-two week low of $0.59 and a fifty-two week high of $2.27.

Intrusion (NASDAQ:INTZ) last posted 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). The company had revenue of $1.45 million for the quarter, compared to analysts’ expectations of $1.50 million. Intrusion had a negative net margin of 191.24% and a negative return on equity of 178.06%. As a group, research analysts forecast that Intrusion will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intrusion

A hedge fund recently bought a new stake in Intrusion stock. Potomac Capital Management Inc. acquired a new stake in Intrusion Inc. (NASDAQ:INTZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 473,050 shares of the company’s stock, valued at approximately $544,000. Potomac Capital Management Inc. owned approximately 2.35% of Intrusion as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 19.43% of the company’s stock.

Intrusion Company Profile

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.