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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,400 shares, a decrease of 45.0% from the February 13th total of 8,000 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Intellinetics Stock Performance

INLX traded down $0.13 on Friday, reaching $11.60. The company had a trading volume of 3,132 shares, compared to its average volume of 4,994. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.97. Intellinetics has a 52-week low of $5.85 and a 52-week high of $16.50. The stock has a market capitalization of $49.07 million, a P/E ratio of -128.87 and a beta of 0.39. The business has a 50 day moving average of $12.97.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audios, videos, and emails.