Intchains Group Limited (NASDAQ:ICG) Sees Significant Increase in Short Interest

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

Intchains Group Stock Up 5.9 %

NASDAQ:ICG opened at $4.33 on Friday. Intchains Group has a 52 week low of $2.80 and a 52 week high of $12.04. The stock has a market cap of $259.54 million, a price-to-earnings ratio of 39.37 and a beta of 1.26. The company’s 50 day moving average price is $4.81 and its 200-day moving average price is $5.69.

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.