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

Intrusion Inc. (NASDAQ:INTZ) saw a large decrease in short interest in the month of 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 volume of 122,078 shares, the short-interest ratio is presently 3.1 days. Currently, 1.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intrusion in a report on Wednesday, August 26th. Finally, Zacks Research upgraded shares of Intrusion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.25.

Intrusion Trading Up 8.0%

Shares of NASDAQ INTZ traded up $0.05 during midday trading on Tuesday, hitting $0.73. The stock had a trading volume of 74,774 shares, compared to its average volume of 783,123. The firm has a market cap of $17.84 million, a P/E ratio of -1.32 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. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.39 and a quick ratio of 0.39. The company’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $0.81.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The firm had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.50 million. Intrusion had a negative net margin of 191.24% and a negative return on equity of 178.06%. Research analysts anticipate that Intrusion will post -0.36 EPS for the current 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) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 quarter. 19.43% of the stock is currently owned by institutional investors.

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.