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

Intrusion Inc. (NASDAQ:INTZ – Get Free Report) has recently experienced a notable rise in short interest. As of December 15th, short interest was recorded at 248,800 shares, reflecting a significant increase of 26.6% from the previous month's total of 196,600 shares. This amount represents approximately 3.1% of the total shares available for trading in the company. With an average daily trading volume of 199,400 shares, the short-interest ratio now stands at roughly 1.2 days.

Analyst Ratings and Price Targets

Several research analysts have provided insights on Intrusion's stock. Ascendiant Capital Markets has lowered its price target for Intrusion from $14.00 to $11.00 while maintaining a “buy” rating on the stock as of December 4th. Meanwhile, HC Wainwright continues to hold a “neutral” rating and has set a price objective of $1.00 for Intrusion shares as noted in their report from November 13th.

Current Stock Performance

As of the latest market session, NASDAQ:INTZ shares opened at $5.68. The company has a market capitalization of $49.5 million and a price-to-earnings ratio of -2.97, with a beta of 0.43. In the past year, Intrusion's stock has hit a low of $0.35 and a high of $7.34. The fifty-day simple moving average stands at $0.64, and the 200-day simple moving average is at $0.94.

Quarterly Earnings Report

In its last earnings report on November 12th, Intrusion announced earnings of ($0.35) per share, which was better than analysts' expectations of ($0.42) per share by $0.07. The company's quarterly revenue amounted to $1.50 million, falling slightly short of analyst predictions of $1.58 million. In the same period the previous year, Intrusion reported an EPS of ($2.80). Looking ahead, research analysts forecast that Intrusion will achieve an EPS of -1.64 for the current fiscal year.

Company Information

Intrusion Inc. is a cybersecurity firm based in the United States. The company provides access to a comprehensive threat intelligence database, offering insights into the historical data, known associations, and reputational behavior of Internet Protocol addresses. Additionally, Intrusion offers INTRUSION Shield, a zero-trust, reputation-based Software as a Service (SaaS) solution designed to inspect and eliminate hazardous network connections.

Intrusion, Stocks, ShortInterest