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

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

Analyst Ratings Changes

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

Intrusion Price Performance

NASDAQ:INTZ opened at $1.79 on Thursday. The company’s fifty day moving average price is $1.52 and its 200-day moving average price is $1.17. Intrusion has a 1-year low of $0.35 and a 1-year high of $7.34. The firm has a market capitalization of $30.23 million, a P/E ratio of -0.94 and a beta of -0.60.

Intrusion (NASDAQ:INTZ) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.07. The company had revenue of $1.50 million for the quarter, compared to analyst estimates of $1.58 million. During the same period in the prior year, the business posted ($2.80) earnings per share. Equities analysts anticipate that Intrusion will post -1.63 EPS for the current fiscal year.

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.