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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 2,762 shares, a growth of 253.2% from the November 30th total of 782 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 3,666 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 3,666 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Intellinetics Stock Down 0.6%

INLX traded down $0.05 on Friday, reaching $8.14. 4,847 shares of the company traded hands, compared to its average volume of 2,794. The company has a market cap of $36.47 million, a price-to-earnings ratio of -20.87 and a beta of 0.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.99 and a quick ratio of 0.97. The stock’s 50 day moving average price is $8.98 and its 200-day moving average price is $10.76. Intellinetics has a 52-week low of $8.01 and a 52-week high of $15.72.

Intellinetics (NYSEAMERICAN:INLX) last issued its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $4.00 million during the quarter. Intellinetics had a negative return on equity of 15.64% and a negative net margin of 10.40%. On average, sell-side analysts expect that Intellinetics will post -0.19 EPS for the current fiscal year.

About Intellinetics

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.