Intelligent Protection Management Corp. (NASDAQ:IPM) Short Interest Update

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Intelligent Protection Management

A number of institutional investors have recently added to or reduced their stakes in IPM. Renaissance Technologies LLC raised 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 valued at $95,000 after purchasing an additional 18,400 shares in the last quarter. Virtu Financial LLC bought a new stake in Intelligent Protection Management in the third quarter valued at about $43,000. Finally, XTX Topco Ltd bought a new position in Intelligent Protection Management during the fourth quarter worth about $28,000. 3.88% of the stock is owned by institutional investors and hedge funds.

Intelligent Protection Management Price Performance

Shares of IPM stock opened at $1.72 on Friday. Intelligent Protection Management has a fifty-two week low of $1.52 and a fifty-two week high of $2.88. The stock’s 50-day moving average is $1.75 and its two-hundred day moving average is $1.88. The firm has a market cap of $15.63 million, a P/E ratio of -17.20 and a beta of 0.37.

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.