Intellinetics, Inc. (NYSEAMERICAN:INLX) Short Interest Update

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,000 shares, a growth of 119.5% from the May 14th total of 911 shares. Based on an average daily trading volume, of 842 shares, the short-interest ratio is currently 2.4 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Intellinetics

An institutional investor recently bought a new position in Intellinetics stock. Essex Financial Services Inc. purchased a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,338 shares of the company’s stock, valued at approximately $90,000. Essex Financial Services Inc. owned 0.25% of Intellinetics as of its most recent filing with the Securities and Exchange Commission (SEC). 0.75% of the stock is currently owned by institutional investors and hedge funds.

Intellinetics Price Performance

Shares of NYSEAMERICAN:INLX opened at $5.40 on Monday. The firm has a market cap of $24.25 million, a PE ratio of -10.19 and a beta of 0.16. The firm’s fifty day moving average is $6.89 and its 200-day moving average is $7.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.90. Intellinetics has a 52 week low of $5.25 and a 52 week high of $14.57.

Intellinetics (NYSEAMERICAN:INLX) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.22). The business had revenue of $3.91 million for the quarter, compared to analyst estimates of $4.55 million. Intellinetics had a negative return on equity of 16.89% and a negative net margin of 14.31%.

Intellinetics Company Profile

Intellinetics, Inc is a provider of enterprise content management and digital transformation solutions designed to help organizations streamline document-centric processes and improve operational efficiency. The company’s platform enables clients to capture, store, manage and retrieve both paper and electronic records through a unified system, reducing reliance on manual workflows and minimizing the risks associated with paper-based information handling.

The company offers a range of software products and professional services aimed at automating business processes and ensuring secure, compliant access to critical data.