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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 9,200 shares, an increase of 8.2% from the May 31st total of 8,500 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 10,100 shares, the short-interest ratio is presently 0.9 days.

Intellinetics Stock Performance

NYSEAMERICAN:INLX opened at $7.08 on Thursday. The firm has a market capitalization of $29.08 million, a price-to-earnings ratio of 117.92 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.02. Intellinetics has a 52 week low of $2.92 and a 52 week high of $10.99.

Intellinetics (NYSEAMERICAN:INLX) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08). The business had revenue of $4.51 million during the quarter, compared to analyst estimates of $4.24 million. Intellinetics had a return on equity of 2.43% and a net margin of 1.35%. Equities analysts expect that Intellinetics will post 0.08 EPS for the current year.

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.