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

Intellinetics, Inc. (NYSEAMERICAN:INLX) saw a large increase in short interest during the month of 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 shares are sold short. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is currently 0.9 days.

Intellinetics Trading Up 1.8 %

Shares of 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. Intellinetics has a fifty-two week low of $2.92 and a fifty-two week high of $10.99. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22.

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

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.