Looking Into Intellinetics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intellinetics (NYSE:INLX) has seen a 31.03% increase in its short percent of float, now at 0.38% of available shares. This rise in short interest suggests a bearish sentiment among investors, although it remains below the peer group average of 3.27%.
August 22, 2024 | 2:30 pm
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Intellinetics has experienced a significant increase in short interest, rising by 31.03% to 0.38% of its float. This indicates a bearish sentiment among investors, although its short interest is still below the peer average of 3.27%.
The increase in short interest suggests that investors are becoming more bearish on Intellinetics, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100