Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Declines By 48.3%

Intelligent Protection Management Corp. (NASDAQ:IPM) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 17,750 shares, a drop of 48.3% from the January 29th total of 34,334 shares. Based on an average trading volume of 20,954 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 20,954 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intelligent Protection Management in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Intelligent Protection Management Trading Up 1.2%

Intelligent Protection Management stock opened at $1.72 on Friday. Intelligent Protection Management has a 52 week low of $1.52 and a 52 week high of $2.88. The stock has a market cap of $15.63 million, a P/E ratio of -17.20 and a beta of 0.37. The stock has a 50 day moving average of $1.75 and a 200-day moving average of $1.88.

Institutional Investors Weigh In On Intelligent Protection Management

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Intelligent Protection Management in the 4th quarter valued at approximately $28,000. Renaissance Technologies LLC grew its stake in shares of Intelligent Protection Management by 50.1% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after purchasing an additional 18,400 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Intelligent Protection Management during the third quarter valued at $43,000. 3.88% of the stock is currently owned by institutional investors.

About Intelligent Protection Management

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.