Intchains Group Limited (NASDAQ:ICG) Short Interest Update

Intchains Group Limited (NASDAQ:ICG) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 11,200 shares, a decrease of 41.1% from the February 13th total of 19,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 205,500 shares, the days-to-cover ratio is presently 0.1 days.

Intchains Group Stock Up 1.3 %

Shares of ICG stock traded up $0.05 on Friday, reaching $3.89. The company had a trading volume of 9,099 shares, compared to its average volume of 99,295. The business’s 50-day moving average is $4.05 and its 200 day moving average is $4.87. The stock has a market capitalization of $233.33 million, a PE ratio of 35.37 and a beta of 1.35. Intchains Group has a one year low of $2.80 and a one year high of $12.04.

Intchains Group (NASDAQ:ICG) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $10.16 million during the quarter, compared to the consensus estimate of $14.88 million. Intchains Group had a net margin of 19.08% and a return on equity of 4.77%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intchains Group stock. Citadel Advisors LLC purchased a new position in shares of Intchains Group Limited (NASDAQ:ICG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,518 shares of the company’s stock, valued at approximately $35,000.

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.