Short Interest in Intelligent Group Limited (NASDAQ:INTJ) Declines By 39.3%

Intelligent Group Limited (NASDAQ:INTJ) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 37,831 shares, a decrease of 39.3% from the November 30th total of 62,299 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 43,737 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 43,737 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Intelligent Group Stock Down 3.3%

INTJ traded down $0.02 during midday trading on Friday, hitting $0.58. The stock had a trading volume of 4,335 shares, compared to its average volume of 35,411. Intelligent Group has a 1 year low of $0.42 and a 1 year high of $1.70. The business has a fifty day moving average of $0.55 and a 200 day moving average of $0.73.

Wall Street Analyst Weigh In

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

Institutional Trading of Intelligent Group

An institutional investor recently bought a new position in Intelligent Group stock. Citadel Advisors LLC bought a new stake in Intelligent Group Limited (NASDAQ:INTJ) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 57,887 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.44% of Intelligent Group at the end of the most recent quarter.

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.