Intelligent Group Limited (NASDAQ:INTJ) Sees Large Decrease in Short Interest

by · The Markets Daily

Intelligent Group Limited (NASDAQ:INTJ – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 37,831 shares, a drop of 39.3% from the November 30th total of 62,299 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 43,737 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 43,737 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Intelligent Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Intelligent Group has an average rating of “Sell”.

Get Our Latest Report on Intelligent Group

Intelligent Group Stock Up 3.2%

INTJ stock traded up $0.02 on Tuesday, hitting $0.60. 16,086 shares of the company’s stock were exchanged, compared to its average volume of 29,635. The firm has a 50 day moving average price of $0.55 and a two-hundred day moving average price of $0.72. Intelligent Group has a 12-month low of $0.42 and a 12-month high of $1.70.

Hedge Funds Weigh In On Intelligent Group

A hedge fund recently bought a new stake in Intelligent Group stock. Citadel Advisors LLC acquired a new stake in Intelligent Group Limited (NASDAQ:INTJ – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,887 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.44% of Intelligent Group as of its most recent SEC filing.

About Intelligent Group

(Get Free Report)

Intelligent Group Limited, through its subsidiaries, provides financial public relations services in the Hong Kong. The company offers financial PR services, such as creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.

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