Intchains Group Limited (NASDAQ:ICG - Get Free Report) was the recipient of a large 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 205,500 shares, the short-interest ratio is currently 0.1 days.
Intchains Group Trading Up 1.4 %
NASDAQ ICG traded up $0.05 on Wednesday, hitting $3.72. 12,227 shares of the company traded hands, compared to its average volume of 98,170. The business's 50 day moving average price is $4.03 and its 200-day moving average price is $4.83. Intchains Group has a 52-week low of $2.80 and a 52-week high of $12.04. The company has a market capitalization of $223.13 million, a price-to-earnings ratio of 33.82 and a beta of 1.35.
Intchains Group (NASDAQ:ICG - Get Free Report) last posted 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 analysts' expectations of $14.88 million. Intchains Group had a net margin of 19.08% and a return on equity of 4.77%.
Hedge Funds Weigh In On Intchains Group
An institutional investor recently bought a new position in Intchains Group stock. Citadel Advisors LLC bought a new stake in shares of Intchains Group Limited (NASDAQ:ICG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,518 shares of the company's stock, valued at approximately $35,000.
About Intchains Group
(
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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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