Intchains Group Limited (NASDAQ:ICG - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 22,500 shares, an increase of 125.0% from the March 15th total of 10,000 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 33,000 shares, the short-interest ratio is presently 0.7 days.
Intchains Group Stock Down 12.3 %
Shares of NASDAQ ICG traded down $0.21 on Monday, reaching $1.47. 17,260 shares of the company's stock traded hands, compared to its average volume of 99,918. The business's 50 day simple moving average is $3.17 and its two-hundred day simple moving average is $4.05. Intchains Group has a 12 month low of $1.44 and a 12 month high of $12.04. The company has a market cap of $87.87 million, a price-to-earnings ratio of 13.41 and a beta of 1.79.
Intchains Group (NASDAQ:ICG - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $10.16 million during the quarter, compared to the consensus estimate of $14.88 million. Intchains Group had a return on equity of 4.77% and a net margin of 19.08%.
Wall Street Analyst Weigh In
Separately, Maxim Group began coverage on Intchains Group in a report on Monday, April 7th. They set a "buy" rating and a $8.00 target price on the stock.
Check Out Our Latest Report on ICG
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Intchains Group stock. Citadel Advisors LLC acquired a new stake in Intchains Group Limited (NASDAQ:ICG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,518 shares of the company's stock, valued at approximately $35,000.
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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