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

Intellinetics, Inc. (NYSEAMERICAN:INLX) saw a large increase in short interest in 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 0.9 days.

Intellinetics Trading Down 3.5 %

Shares of NYSEAMERICAN:INLX opened at $6.95 on Wednesday. The company has a market capitalization of $28.56 million, a P/E ratio of 106.67 and a beta of 0.35. Intellinetics has a twelve month low of $2.92 and a twelve month high of $10.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.04.

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