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

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

Intchains Group Price Performance

Shares of ICG traded up $0.13 during midday trading on Monday, reaching $4.32. The stock had a trading volume of 20,270 shares, compared to its average volume of 348,445. Intchains Group has a 1-year low of $2.80 and a 1-year high of $12.04. The company's fifty day simple moving average is $4.82 and its two-hundred day simple moving average is $5.40. The company has a market cap of $259.11 million, a price-to-earnings ratio of 39.28 and a beta of 1.34.

Intchains Group (NASDAQ:ICG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The company reported $0.01 earnings per share for the quarter. Intchains Group had a net margin of 19.08% and a return on equity of 4.77%.

About Intchains Group

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.