Short Interest in Intchains Group Limited (NASDAQ:ICG) Increases By 33.0%

Intchains Group Limited (NASDAQ:ICG) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 14,900 shares, an increase of 33.0% from the December 31st total of 11,200 shares. Based on an average daily volume of 211,800 shares, the days-to-cover ratio is currently 0.1 days.

Intchains Group Stock Performance

Shares of ICG stock traded up $0.10 on Thursday, hitting $4.19. 11,710 shares of the stock traded hands, compared to its average volume of 383,395. The firm’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $5.47. The stock has a market capitalization of $251.15 million, a PE ratio of 38.09 and a beta of 1.26. Intchains Group has a twelve month low of $2.80 and a twelve month high of $12.04.

Intchains Group (NASDAQ:ICG) last posted its earnings results on Wednesday, November 20th. The company reported $0.01 EPS for the quarter. Intchains Group had a net margin of 19.08% and a return on equity of 4.77%.

Intchains Group Company Profile

Intchains Group Limited designs and sells application-specific integrated circuit chips for blockchain applications in the People's Republic of China. The company also offers ancillary software, hardware, and other products. It serves distributors. Intchains Group Limited was founded in 2017 and is based in Pudong, China.