Intelligent Protection Management Corp. (NASDAQ:IPM) Sees Large Increase in Short Interest

Intelligent Protection Management Corp. (NASDAQ:IPM) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 7,539 shares, an increase of 80.5% from the November 30th total of 4,176 shares. Based on an average daily volume of 21,496 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 21,496 shares, the short-interest ratio is presently 0.4 days.

Intelligent Protection Management Stock Down 0.6%

NASDAQ IPM opened at $1.75 on Tuesday. The company has a market capitalization of $15.91 million, a price-to-earnings ratio of -17.50 and a beta of 0.32. Intelligent Protection Management has a twelve month low of $1.52 and a twelve month high of $2.88. The stock has a fifty day simple moving average of $1.88 and a 200 day simple moving average of $1.95.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Intelligent Protection Management in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intelligent Protection Management stock. Virtu Financial LLC acquired a new stake in Intelligent Protection Management Corp. (NASDAQ:IPM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,604 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.23% of Intelligent Protection Management as of its most recent filing with the SEC. Institutional investors and hedge funds 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.