Short Interest in Intelligent Group Limited (NASDAQ:INTJ) Drops By 37.3%

Intelligent Group Limited (NASDAQ:INTJ) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 2,604 shares, a decline of 37.3% from the March 31st total of 4,150 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 7,466 shares, the short-interest ratio is currently 0.3 days.

Intelligent Group Trading Down 3.5%

Shares of INTJ stock traded down $0.36 during trading hours on Monday, hitting $10.00. The stock had a trading volume of 4,916 shares, compared to its average volume of 9,161. Intelligent Group has a twelve month low of $5.80 and a twelve month high of $33.99. The stock’s 50 day moving average is $8.23 and its 200 day moving average is $9.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 27.30 and a quick ratio of 27.30.

Intelligent Group (NASDAQ:INTJ) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($1.14) earnings per share for the quarter. The firm had revenue of $0.66 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Intelligent Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Intelligent Group presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Intelligent Group

A hedge fund recently bought a new stake in Intelligent Group stock. XTX Topco Ltd purchased a new position in shares of Intelligent Group Limited (NASDAQ:INTJ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 124,128 shares of the company’s stock, valued at approximately $74,000. XTX Topco Ltd owned 0.95% of Intelligent Group at the end of the most recent reporting period.

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.