Short Interest in Intelligent Protection Management Corp. (NASDAQ:IPM) Rises By 64.2%

Intelligent Protection Management Corp. (NASDAQ:IPM) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 27,835 shares, a growth of 64.2% from the February 26th total of 16,953 shares. Based on an average daily trading volume, of 110,721 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Intelligent Protection Management Stock Performance

Shares of IPM stock traded down $0.03 during trading on Friday, hitting $1.52. The company had a trading volume of 45,028 shares, compared to its average volume of 143,447. The firm has a market capitalization of $13.82 million, a P/E ratio of -10.13 and a beta of 0.37. Intelligent Protection Management has a one year low of $1.50 and a one year high of $2.88. The stock’s 50-day moving average price is $1.72 and its 200 day moving average price is $1.85.

Intelligent Protection Management (NASDAQ:IPM) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.05) EPS for the quarter. Intelligent Protection Management had a negative return on equity of 10.04% and a negative net margin of 8.28%.The company had revenue of $6.13 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IPM. XTX Topco Ltd acquired a new position in Intelligent Protection Management during the fourth quarter valued at approximately $28,000. Virtu Financial LLC acquired a new stake in shares of Intelligent Protection Management in the 3rd quarter valued at $43,000. Finally, Renaissance Technologies LLC increased its stake in shares of Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after purchasing an additional 18,400 shares during the last quarter. 3.88% of the stock is owned by institutional investors.

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.