Intellinetics, Inc. (NYSEAMERICAN:INLX) Short Interest Up 93.9% in March

Intellinetics, Inc. (NYSEAMERICAN:INLX - Get Free Report) was the target of a large growth in short interest during 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. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the company's stock are short sold.

Intellinetics Stock Performance

Shares of INLX traded up $0.13 on Friday, reaching $13.13. 2,083 shares of the company's stock traded hands, compared to its average volume of 5,552. The stock's 50 day simple moving average is $12.47 and its two-hundred day simple moving average is $12.83. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. Intellinetics has a 52-week low of $5.85 and a 52-week high of $16.50. The stock has a market cap of $55.54 million, a PE 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.