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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 5,130 shares, a growth of 122.6% from the September 30th total of 2,305 shares. Based on an average daily trading volume, of 29,378 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Bard Associates Inc. purchased a new stake in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 333,341 shares of the company’s stock, valued at approximately $1,833,000. Bard Associates Inc. owned 7.42% of Intellinetics as of its most recent filing with the SEC. 0.75% of the stock is currently owned by institutional investors and hedge funds.

Intellinetics Price Performance

Shares of NYSEAMERICAN INLX traded down $0.12 during mid-day trading on Friday, hitting $4.04. 16,120 shares of the company’s stock traded hands, compared to its average volume of 30,927. The company’s 50-day moving average is $5.06 and its two-hundred day moving average is $6.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.73. The company has a market capitalization of $18.14 million, a P/E ratio of -6.31 and a beta of 0.15. Intellinetics has a 1 year low of $4.00 and a 1 year high of $9.45.

Intellinetics (NYSEAMERICAN:INLX) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.17). Intellinetics had a negative return on equity of 22.39% and a negative net margin of 17.56%. The company had revenue of $3.95 million during the quarter, compared to analysts’ expectations of $4.87 million.

About Intellinetics

Intellinetics, Inc is a software and information-management company that provides cloud-based solutions for capturing, organizing, securing, and automating business documents and records. Its offerings are designed to help organizations replace paper-based processes with digital workflows and improve access to critical information.

The company’s products and services include document management, content management, document imaging, workflow automation, and records-management capabilities.