Intelligent Systems Co. (INS) Sees Large Growth in Short Interest

Intelligent Systems Co. (INS) Sees Large Growth in Short Interest

Intelligent Systems Co. (NYSEAMERICAN:INS) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 110,137 shares, an increase of 79.8% from the January 15th total of 61,254 shares. Based on an average daily volume of 72,082 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.1% of the company’s stock are sold short.

Shares of INS traded down $1.62 during mid-day trading on Monday, hitting $19.63. 37,000 shares of the company’s stock were exchanged, compared to its average volume of 67,036. Intelligent Systems has a twelve month low of $4.32 and a twelve month high of $26.13.

Intelligent Systems (NYSEAMERICAN:INS) last announced its quarterly earnings results on Thursday, November 8th. The industrial products company reported $0.21 EPS for the quarter. The business had revenue of $5.42 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Intelligent Systems by 15.3% during the 4th quarter. BlackRock Inc. now owns 10,825 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,438 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Intelligent Systems by 1.9% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 306,673 shares of the industrial products company’s stock worth $3,962,000 after buying an additional 5,667 shares during the period. Vanguard Group Inc. bought a new stake in shares of Intelligent Systems during the 3rd quarter worth $430,000. Vanguard Group Inc bought a new stake in shares of Intelligent Systems during the 3rd quarter worth $430,000. Finally, EAM Investors LLC bought a new stake in shares of Intelligent Systems during the 3rd quarter worth $608,000.

Separately, TheStreet upgraded shares of Intelligent Systems from a “c” rating to a “b-” rating in a research note on Monday, December 3rd.

Intelligent Systems Company Profile

Intelligent Systems Corporation, through its subsidiary, CoreCard Software, Inc, provides technology solutions and processing services to the financial technology and services market in the United States and European Union. The company designs, develops, and markets a suite of software solutions to accounts receivable businesses, financial institutions, retailers, and processors.

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