Intelligent Systems Co. (NYSEAMERICAN:INS) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 833,100 shares, an increase of 17.9% from the December 15th total of 706,800 shares. Currently, 15.1% of the shares of the company are short sold. Based on an average trading volume of 67,300 shares, the days-to-cover ratio is currently 12.4 days.

Shares of NYSEAMERICAN INS traded up $2.24 during midday trading on Tuesday, hitting $37.85. The company’s stock had a trading volume of 20,250 shares, compared to its average volume of 80,825. Intelligent Systems has a one year low of $17.16 and a one year high of $56.24.

Intelligent Systems (NYSEAMERICAN:INS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $9.52 million during the quarter.

In other news, CEO J Leland Strange sold 4,326 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $45.14, for a total value of $195,275.64. Following the sale, the chief executive officer now owns 1,883,188 shares of the company’s stock, valued at $85,007,106.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Philip H. Moise sold 5,469 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.77, for a total transaction of $233,909.13. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Intelligent Systems during the 2nd quarter worth approximately $49,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Intelligent Systems by 313.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,751 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 2,085 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in Intelligent Systems during the 3rd quarter worth approximately $94,000. Wells Fargo & Company MN bought a new stake in Intelligent Systems during the 2nd quarter worth approximately $101,000. Finally, Rhumbline Advisers bought a new stake in Intelligent Systems during the 3rd quarter worth approximately $261,000.

Separately, Sidoti started coverage on shares of Intelligent Systems in a research report on Wednesday, October 9th. They issued a “buy” rating on the stock.

About Intelligent Systems

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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