Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Expands By 1,366.3%

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 120,160 shares, an increase of 1,366.3% from the December 31st total of 8,195 shares. Based on an average daily volume of 306,463 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the shares of the company are sold short. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 306,463 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Intelligent Protection Management in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Intelligent Protection Management Stock Down 0.6%

Shares of NASDAQ:IPM opened at $1.77 on Thursday. Intelligent Protection Management has a 12-month low of $1.52 and a 12-month high of $2.88. The firm has a market cap of $16.09 million, a P/E ratio of -17.70 and a beta of 0.34. The business has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $1.92.

Intelligent Protection Management (NASDAQ:IPM) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.08) EPS for the quarter. Intelligent Protection Management had a negative net margin of 38.38% and a negative return on equity of 15.29%. The firm had revenue of $6.24 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Intelligent Protection Management stock. Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management Corp. (NASDAQ:IPM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,604 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.23% of Intelligent Protection Management at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.88% of the company’s stock.

Intelligent Protection Management Company Profile

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm’s product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.