Intellinetics, Inc. (NYSEAMERICAN:INLX) Shares Shorted: Short Interest Up 122.6% in October

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,130 shares, a growth of 122.6% from the September 30th total of 2,305 shares. Based on an average trading volume of 29,378 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Intellinetics Trading Down 2.9%

Shares of NYSEAMERICAN:INLX traded down $0.12 during mid-day trading on Friday, reaching $4.04. 16,120 shares of the company’s stock were exchanged, compared to its average volume of 30,927. The firm has a market capitalization of $18.14 million, a price-to-earnings ratio of -6.31 and a beta of 0.15. The business’s fifty day moving average price is $5.06 and its 200-day moving average price is $6.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.75. Intellinetics has a twelve month low of $4.00 and a twelve month high of $9.45.

Intellinetics (NYSEAMERICAN:INLX) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.17). The company had revenue of $3.95 million during the quarter, compared to analyst estimates of $4.87 million. Intellinetics had a negative net margin of 17.56% and a negative return on equity of 22.39%.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Bard Associates Inc. purchased a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) in the second quarter, according to its most recent filing with the SEC. The firm purchased 333,341 shares of the company’s stock, valued at approximately $1,833,000. Bard Associates Inc. owned 7.42% of Intellinetics at the end of the most recent quarter. 0.75% of the stock is owned by institutional investors.

Intellinetics Company Profile

Intellinetics, Inc is a software and information-management company that provides cloud-based solutions for capturing, organizing, securing, and automating business documents and records. Its offerings are designed to help organizations replace paper-based processes with digital workflows and improve access to critical information.

The company’s products and services include document management, content management, document imaging, workflow automation, and records-management capabilities.