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

Intrusion Inc. (NASDAQ:INTZ) saw a significant growth in short interest during 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 company’s shares are sold short. Based on an average trading volume of 6,910,000 shares, the days-to-cover ratio is currently 0.5 days.

Intrusion Stock Down 14.8 %

Intrusion stock traded down $0.43 during trading hours on Monday, hitting $2.47. 11,993,817 shares of the company traded hands, compared to its average volume of 15,108,279. Intrusion has a 1-year low of $0.35 and a 1-year high of $7.34. The firm has a market cap of $21.52 million, a P/E ratio of -1.29 and a beta of -0.60. The firm’s 50-day simple moving average is $1.14 and its two-hundred day simple moving average is $1.08.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted ($2.80) earnings per share. On average, equities research analysts predict that Intrusion will post -1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INTZ. Ascendiant Capital Markets cut their price objective 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. HC Wainwright reissued a “neutral” rating and issued a $1.00 price target on shares of Intrusion in a report on Wednesday, November 13th.

Intrusion Company Profile

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.