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

Intellinetics, Inc. (NYSEAMERICAN:INLX) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 10,700 shares, a growth of 9.2% from the August 31st total of 9,800 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is currently 1.5 days.

Intellinetics Stock Down 2.6 %

Shares of NYSEAMERICAN INLX traded down $0.30 during midday trading on Tuesday, hitting $11.19. The stock had a trading volume of 7,151 shares, compared to its average volume of 12,523. The stock has a market capitalization of $47.33 million, a P/E ratio of 186.50 and a beta of 0.36. Intellinetics has a fifty-two week low of $3.76 and a fifty-two week high of $13.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 1.11.

Intellinetics (NYSEAMERICAN:INLX) last released its earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $4.64 million during the quarter, compared to analyst estimates of $4.61 million. Intellinetics had a net margin of 0.97% and a return on equity of 1.73%. On average, equities research analysts forecast that Intellinetics will post -0.07 EPS for the current 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.