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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a significant growth in short interest during the month of 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 842 shares, the days-to-cover ratio is currently 2.4 days.

Intellinetics Trading Down 1.8%

NYSEAMERICAN INLX opened at $5.40 on Friday. The stock has a 50-day simple moving average of $6.89 and a 200 day simple moving average of $7.59. The company has a market capitalization of $24.25 million, a PE ratio of -10.19 and a beta of 0.16. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Intellinetics has a 12 month low of $5.25 and a 12 month high of $14.57.

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

Institutional Trading of Intellinetics

An institutional investor recently bought a new position in Intellinetics stock. Essex Financial Services Inc. bought a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 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 SEC. 0.75% of the stock is owned by institutional investors.

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.