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

Intchains Group Limited (NASDAQ:ICG) was the recipient 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 trading volume, of 155,700 shares, the short-interest ratio is presently 0.1 days.

Intchains Group Price Performance

Shares of ICG traded up $3.36 on Friday, hitting $9.33. The company’s stock had a trading volume of 609,732 shares, compared to its average volume of 57,384. The company has a market capitalization of $559.22 million, a PE ratio of 84.83 and a beta of 0.93. Intchains Group has a fifty-two week low of $3.21 and a fifty-two week high of $14.22. The company has a 50 day moving average price of $4.81 and a 200 day moving average price of $6.02.

Intchains Group Company Profile

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.