Intchains Group Limited (NASDAQ:ICG) Short Interest Update

Intchains Group Limited (NASDAQ:ICG) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 19,000 shares, a decrease of 57.4% from the January 31st total of 44,600 shares. Based on an average trading volume of 215,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Intchains Group

An institutional investor recently bought a new position in Intchains Group stock. Citadel Advisors LLC purchased a new stake in shares of Intchains Group Limited (NASDAQ:ICG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,518 shares of the company’s stock, valued at approximately $35,000.

Intchains Group Trading Up 3.1 %

Shares of ICG stock traded up $0.12 on Friday, reaching $3.95. The company had a trading volume of 42,982 shares, compared to its average volume of 195,930. The company has a 50-day moving average of $4.42 and a 200-day moving average of $5.01. Intchains Group has a 12 month low of $2.80 and a 12 month high of $12.04. The stock has a market cap of $236.92 million, a PE ratio of 35.91 and a beta of 1.35.

Intchains Group (NASDAQ:ICG) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $10.16 million for 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%.

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.