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

Intchains Group Limited (NASDAQ:ICG) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 14,900 shares, a growth 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 presently 0.1 days.

Intchains Group Stock Up 2.4 %

ICG traded up $0.10 on Thursday, reaching $4.19. The company’s stock had a trading volume of 11,710 shares, compared to its average volume of 383,395. The stock has a 50 day moving average of $4.82 and a two-hundred day moving average of $5.47. The company has a market capitalization of $251.15 million, a price-to-earnings ratio of 38.09 and a beta of 1.26. Intchains Group has a fifty-two week low of $2.80 and a fifty-two week high of $12.04.

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

About Intchains Group

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.