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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 9,500 shares, an increase of 93.9% from the March 15th total of 4,900 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Intellinetics Stock Up 1.0 %

NYSEAMERICAN:INLX traded up $0.13 during mid-day trading on Friday, reaching $13.13. The stock had a trading volume of 2,083 shares, compared to its average volume of 5,552. The stock has a market cap of $55.54 million, a P/E ratio of -145.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.95. The business’s 50 day moving average is $12.48 and its 200 day moving average is $12.83. Intellinetics has a fifty-two week low of $5.85 and a fifty-two week high of $16.50.

Intellinetics Company Profile

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.