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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the recipient of a large growth in short interest in 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 842 shares, the short-interest ratio is currently 2.4 days.

Intellinetics Stock Performance

Shares of INLX stock opened at $5.40 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.90. The company has a market capitalization of $24.25 million, a P/E ratio of -10.19 and a beta of 0.16. The company’s 50 day moving average price is $6.89 and its two-hundred day moving average price is $7.59. Intellinetics has a 52 week low of $5.25 and a 52 week high of $14.57.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intellinetics stock. Essex Financial Services Inc. acquired a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,338 shares of the company’s stock, valued at approximately $90,000. Essex Financial Services Inc. owned 0.25% of Intellinetics at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.75% of the company’s stock.

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.