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Intchains Group Limited (NASDAQ:ICG) Short Interest Down 57.4% in February

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Intchains Group Limited (NASDAQ:ICG - Get Free Report) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 19,000 shares, a drop of 57.4% from the January 31st total of 44,600 shares. Based on an average daily trading volume, of 215,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Intchains Group

A hedge fund recently bought a new stake in Intchains Group stock. Citadel Advisors LLC acquired a new position in shares of Intchains Group Limited (NASDAQ:ICG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,518 shares of the company's stock, valued at approximately $35,000.

Intchains Group Stock Up 0.4 %

Shares of ICG traded up $0.02 during trading on Tuesday, reaching $3.41. 29,104 shares of the company traded hands, compared to its average volume of 187,376. The stock has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $4.99. Intchains Group has a twelve month low of $2.80 and a twelve month high of $12.04. The stock has a market cap of $204.24 million, a PE ratio of 30.96 and a beta of 1.35.

Intchains Group (NASDAQ:ICG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company 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%.

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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.

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