Short Interest in Intrusion Inc. (NASDAQ:INTZ) Drops By 5.9%

Intrusion Inc. (NASDAQ:INTZ) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 74,300 shares, a decrease of 5.9% from the May 31st total of 79,000 shares. Based on an average trading volume of 239,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, CEO Anthony Scott bought 585,748 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were bought at an average cost of $1.70 per share, with a total value of $995,771.60. Following the acquisition, the chief executive officer now owns 638,281 shares in the company, valued at $1,085,077.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.58% of the company’s stock.

Intrusion Price Performance

Intrusion stock opened at $1.09 on Thursday. The business has a 50 day moving average of $1.51 and a 200-day moving average of $3.17. The company has a market capitalization of $5.34 million, a P/E ratio of -0.16 and a beta of 0.54. Intrusion has a 1 year low of $1.04 and a 1 year high of $25.00.

Intrusion (NASDAQ:INTZ) last released its earnings results on Tuesday, May 14th. The company reported ($0.94) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.45. The firm had revenue of $1.13 million for the quarter, compared to analyst estimates of $1.25 million. During the same period in the prior year, the company posted ($4.40) EPS. Equities analysts anticipate that Intrusion will post -2.72 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their target price on shares of Intrusion from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, May 15th.

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.