Short Interest in Intelligent Group Limited (NASDAQ:INTJ) Decreases By 52.3%

Intelligent Group Limited (NASDAQ:INTJ) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 17,612 shares, a drop of 52.3% from the December 31st total of 36,896 shares. Based on an average daily trading volume, of 78,806 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 78,806 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Intelligent Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Intelligent Group

A hedge fund recently bought a new stake in Intelligent Group stock. Citadel Advisors LLC acquired a new position in Intelligent Group Limited (NASDAQ:INTJ) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 57,887 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.44% of Intelligent Group at the end of the most recent quarter.

Intelligent Group Price Performance

Shares of Intelligent Group stock opened at $0.37 on Thursday. The firm has a fifty day moving average price of $0.52 and a two-hundred day moving average price of $0.64. Intelligent Group has a fifty-two week low of $0.30 and a fifty-two week high of $1.70.

Intelligent Group’s stock is set to reverse split on the morning of Wednesday, February 4th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, February 3rd.

About Intelligent Group

Intelligent Group Limited, through its subsidiaries, provides financial public relations services in the Hong Kong. The company offers financial PR services, such as creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.