Short Interest in Intelligent Group Limited (NASDAQ:INTJ) Rises By 208.8%

Intelligent Group Limited (NASDAQ:INTJ) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 54,386 shares, a growth of 208.8% from the January 15th total of 17,612 shares. Based on an average daily volume of 220,462 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 220,462 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Intelligent Group

An institutional investor recently bought a new position in Intelligent Group stock. Citadel Advisors LLC bought a new stake in shares of Intelligent Group Limited (NASDAQ:INTJ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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.

Intelligent Group Trading Up 3.6%

Shares of NASDAQ:INTJ traded up $0.01 during midday trading on Friday, reaching $0.33. 393,972 shares of the company’s stock traded hands, compared to its average volume of 178,452. Intelligent Group has a one year low of $0.29 and a one year high of $1.70. The stock has a 50 day moving average of $0.49 and a 200 day moving average of $0.57.

Intelligent Group shares are going to reverse split on the morning of Tuesday, February 17th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 16th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Intelligent Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Intelligent Group Company Profile

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.