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

Intchains Group Limited (NASDAQ:ICG) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 11,200 shares, a growth 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 Stock Up 56.3 %

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

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.