Intellinetics, Inc. (NYSEAMERICAN:INLX) Sees Significant Growth in Short Interest

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,130 shares, an increase of 122.6% from the September 30th total of 2,305 shares. Based on an average trading volume of 29,378 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Intellinetics Trading Down 2.9%

Shares of INLX stock traded down $0.12 during trading hours on Friday, reaching $4.04. 16,120 shares of the stock were exchanged, compared to its average volume of 30,927. The firm has a market capitalization of $18.14 million, a price-to-earnings ratio of -6.31 and a beta of 0.15. Intellinetics has a 12-month low of $4.00 and a 12-month high of $9.45. The company’s 50-day moving average price is $5.06 and its 200-day moving average price is $6.40. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01.

Intellinetics (NYSEAMERICAN:INLX) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.17). Intellinetics had a negative return on equity of 22.39% and a negative net margin of 17.56%. The firm had revenue of $3.95 million during the quarter, compared to analysts’ expectations of $4.87 million.

Institutional Investors Weigh In On Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Bard Associates Inc. purchased a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 333,341 shares of the company’s stock, valued at approximately $1,833,000. Bard Associates Inc. owned about 7.42% of Intellinetics as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.75% of the company’s stock.

Intellinetics Company Profile

Intellinetics, Inc is a software and information-management company that provides cloud-based solutions for capturing, organizing, securing, and automating business documents and records. Its offerings are designed to help organizations replace paper-based processes with digital workflows and improve access to critical information.

The company’s products and services include document management, content management, document imaging, workflow automation, and records-management capabilities.