Intersections Short Interest Up 26.2% in August (INTX)
Shares of Intersections (NASDAQ:INTX) were the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 3,098,769 shares, an increase of 26.2% from the July 31st total of 2,455,362 shares, Analyst Ratings Net reports. Based on an average trading volume of 196,466 shares, the short-interest ratio is presently 15.8 days. Currently, 32.5% of the shares of the company are sold short.
A number of research firms have recently commented on INTX. Analysts at Wedbush initiated coverage on shares of Intersections in a research note on Monday, August 18th. They set an “outperform” rating and a $18.00 price target on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of Intersections in a research note on Monday, August 18th. They set an “overweight” rating on the stock. Finally, analysts at Leerink Swann initiated coverage on shares of Intersections in a research note on Monday, August 18th. They set an “outperform” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Intersections currently has an average rating of “Buy” and a consensus price target of $20.00.
Intersections (NASDAQ:INTX) opened at 3.63 on Thursday. Intersections has a 52 week low of $3.32 and a 52 week high of $9.51. The stock has a 50-day moving average of $3.77 and a 200-day moving average of $4.92. The company’s market cap is $67.2 million.
Intersections (NASDAQ:INTX) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $64.30 million for the quarter, compared to the consensus estimate of $65.72 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis.
Intersections Inc (NASDAQ:INTX) is a provider of subscription based consumer protection services.
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