Short Interest in Intellinetics, Inc. (NYSEAMERICAN:INLX) Expands By 119.5%

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,000 shares, an increase of 119.5% from the May 14th total of 911 shares. Based on an average daily volume of 842 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Intellinetics stock. Bard Associates Inc. increased its position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 332,447 shares of the company’s stock after purchasing an additional 112,778 shares during the quarter. Bard Associates Inc. owned approximately 7.42% of Intellinetics worth $2,652,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.75% of the company’s stock.

Intellinetics Stock Down 1.8%

Intellinetics stock traded down $0.10 during midday trading on Friday, hitting $5.40. 4,778 shares of the stock were exchanged, compared to its average volume of 1,891. Intellinetics has a 52-week low of $5.25 and a 52-week high of $14.57. The stock has a market capitalization of $24.25 million, a price-to-earnings ratio of -10.19 and a beta of 0.16. The business’s 50-day moving average price is $6.89 and its 200-day moving average price is $7.59. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

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

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.