Short Interest in Intellinetics, Inc. (NYSEAMERICAN:INLX) Rises By 171.7%
by Mitch Edgeman · The Markets DailyIntellinetics, Inc. (NYSEAMERICAN:INLX – Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 2,225 shares, an increase of 171.7% from the March 15th total of 819 shares. Based on an average trading volume of 2,276 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are sold short.
Intellinetics Stock Down 7.1%
Shares of Intellinetics stock traded down $0.53 on Friday, hitting $6.90. 2,977 shares of the company traded hands, compared to its average volume of 1,726. The company has a 50-day moving average price of $7.68 and a 200 day moving average price of $8.70. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Intellinetics has a 12-month low of $6.90 and a 12-month high of $15.72. The company has a market cap of $30.84 million, a PE ratio of -16.05 and a beta of 0.25.
Hedge Funds Weigh In On Intellinetics
An institutional investor recently bought a new position in Intellinetics stock. Essex Financial Services Inc. purchased a new stake in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,338 shares of the company’s stock, valued at approximately $90,000. Essex Financial Services Inc. owned approximately 0.25% of Intellinetics as of its most recent SEC filing. Institutional investors and hedge funds own 0.75% of the company’s stock.
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.