Intchains Group Limited (NASDAQ:ICG) Sees Large Decline in Short Interest

Posted by Stacy Sanders on Mar 16th, 2025

Intchains Group Limited (NASDAQ:ICG – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 11,200 shares, a decrease of 41.1% from the February 13th total of 19,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 205,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Intchains Group

A hedge fund recently bought a new stake in Intchains Group stock. Citadel Advisors LLC bought a new position in Intchains Group Limited (NASDAQ:ICG – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,518 shares of the company’s stock, valued at approximately $35,000.

Intchains Group Trading Up 1.3 %

Intchains Group stock traded up $0.05 during trading hours on Friday, reaching $3.89. 9,099 shares of the stock were exchanged, compared to its average volume of 99,295. The company has a market cap of $233.33 million, a P/E ratio of 35.37 and a beta of 1.35. Intchains Group has a twelve month low of $2.80 and a twelve month high of $12.04. The stock has a 50 day moving average of $4.05 and a two-hundred day moving average of $4.87.

Intchains Group (NASDAQ:ICG – Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $10.16 million for the quarter, compared to analyst estimates of $14.88 million. Intchains Group had a return on equity of 4.77% and a net margin of 19.08%.

About Intchains Group

(Get Free Report)

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.