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Short Interest in Intchains Group Limited (NASDAQ:ICG) Grows By 250.0%

Intchains Group logo with Business Services background

Intchains Group Limited (NASDAQ:ICG - Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 11,200 shares, an increase of 250.0% from the November 30th total of 3,200 shares. Based on an average daily volume of 155,700 shares, the short-interest ratio is presently 0.1 days.

Intchains Group Price Performance

NASDAQ:ICG traded down $0.71 on Thursday, hitting $5.97. 38,309 shares of the company's stock were exchanged, compared to its average volume of 55,043. The company has a market cap of $357.83 million, a P/E ratio of 54.28 and a beta of 0.93. The firm has a 50-day moving average price of $4.70 and a 200-day moving average price of $6.00. Intchains Group has a 52 week low of $3.21 and a 52 week high of $14.22.

Intchains Group Company Profile

(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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