Intelligent Group Limited (NASDAQ:INTJ) Sees Significant Growth in Short Interest

Intelligent Group Limited (NASDAQ:INTJ) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 191,700 shares, an increase of 645.9% from the September 30th total of 25,700 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 369,300 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 369,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Intelligent Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Intelligent Group currently has an average rating of “Sell”.

Intelligent Group Stock Down 5.1%

Intelligent Group stock opened at $0.51 on Tuesday. The business has a 50 day moving average of $0.55 and a 200-day moving average of $0.74. Intelligent Group has a 1 year low of $0.44 and a 1 year high of $1.70.

Intelligent Group Company Profile

Intelligent Group Limited, through its subsidiaries, provides financial public relations services in the Hong Kong. The company offers financial PR services, such as creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.