Short Interest in Intelligent Group Limited (NASDAQ:INTJ) Declines By 52.3%

Intelligent Group Limited (NASDAQ:INTJ) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 17,612 shares, a drop of 52.3% from the December 31st total of 36,896 shares. Based on an average trading volume of 78,806 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 78,806 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Intelligent Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Intelligent Group currently has an average rating of “Sell”.

Intelligent Group Stock Up 14.1%

INTJ opened at $0.37 on Thursday. Intelligent Group has a fifty-two week low of $0.30 and a fifty-two week high of $1.70. The business has a 50-day moving average of $0.52 and a 200-day moving average of $0.64.

Intelligent Group shares are scheduled to reverse split before the market opens on Wednesday, February 4th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, February 3rd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Intelligent Group stock. Citadel Advisors LLC bought a new position in shares of Intelligent Group Limited (NASDAQ:INTJ) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 57,887 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.44% of Intelligent Group as of its most recent SEC filing.

About Intelligent Group

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.