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

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 9,500 shares, a growth of 93.9% from the March 15th total of 4,900 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 1.6 days.

Intellinetics Stock Performance

NYSEAMERICAN:INLX traded up $0.13 during trading hours on Friday, hitting $13.13. 2,083 shares of the company traded hands, compared to its average volume of 5,552. The firm has a 50-day moving average of $12.48 and a 200 day moving average of $12.83. Intellinetics has a twelve month low of $5.85 and a twelve month high of $16.50. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $55.54 million, a price-to-earnings ratio of -145.87 and a beta of 0.39.

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.