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

Intellinetics, Inc. (NYSEAMERICAN:INLX) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 4,400 shares, a decrease of 45.0% from the February 13th total of 8,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 0.9 days.

Intellinetics Price Performance

Intellinetics stock remained flat at $11.60 during mid-day trading on Friday. The company’s stock had a trading volume of 107 shares, compared to its average volume of 4,994. Intellinetics has a 12-month low of $5.85 and a 12-month high of $16.50. The business has a fifty day moving average price of $12.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.97. The firm has a market cap of $49.07 million, a PE ratio of -128.87 and a beta of 0.39.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audios, videos, and emails.