IronNet, Inc. (NYSE:IRNT – Get Rating) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,790,000 shares, a growth of 6.4% from the February 13th total of 6,380,000 shares. Currently, 14.7% of the shares of the stock are sold short. Based on an average trading volume of 2,240,000 shares, the short-interest ratio is currently 3.0 days.
Institutional Trading of IronNet
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of IronNet by 103.6% in the 1st quarter. Vanguard Group Inc. now owns 1,749,499 shares of the company's stock worth $6,648,000 after buying an additional 890,248 shares during the last quarter. State Street Corp increased its holdings in shares of IronNet by 727.0% in the 2nd quarter. State Street Corp now owns 988,319 shares of the company's stock worth $2,184,000 after buying an additional 868,814 shares during the last quarter. Northern Trust Corp increased its holdings in shares of IronNet by 759.9% in the 2nd quarter. Northern Trust Corp now owns 505,633 shares of the company's stock worth $1,118,000 after buying an additional 446,832 shares during the last quarter. Rhumbline Advisers bought a new position in shares of IronNet in the 2nd quarter worth $168,000. Finally, Renaissance Technologies LLC bought a new position in shares of IronNet in the 3rd quarter worth $49,000. Institutional investors own 19.41% of the company's stock.
Get IronNet alerts:IronNet Trading Up 44.2 %
IronNet stock opened at $0.46 on Friday. The firm's 50 day simple moving average is $0.42 and its 200 day simple moving average is $0.63. The firm has a market capitalization of $47.71 million, a PE ratio of -0.14 and a beta of 1.30. IronNet has a 1-year low of $0.20 and a 1-year high of $4.87.
About IronNet
(Get Rating)
IronNet, Inc designs and develops solutions for cyber-attacks. The company offers IronDefense, an advanced network detection and response solution that provides behavior-based and AI-driven analytics at the network level to detect anomalous activity at individual enterprises and prioritize the threats in its network; and IronDome, a threat-exchange solution that enables collective defense member enterprises to actively exchange individual anonymized cyber anomalies at machine speed in a community of public-private peers.
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