Intchains Group Limited (NASDAQ:ICG) Short Interest Update

Intchains Group Limited (NASDAQ:ICG) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 3,200 shares, an increase of 39.1% from the November 15th total of 2,300 shares. Based on an average daily trading volume, of 135,600 shares, the short-interest ratio is currently 0.0 days.

Intchains Group Trading Down 4.2 %

Shares of NASDAQ ICG traded down $0.22 during midday trading on Friday, hitting $4.98. The company’s stock had a trading volume of 35,233 shares, compared to its average volume of 51,107. The stock has a fifty day moving average price of $4.38 and a 200 day moving average price of $6.15. The firm has a market capitalization of $298.50 million, a price-to-earnings ratio of 47.28 and a beta of 0.93. Intchains Group has a one year low of $3.21 and a one year high of $14.22.

Wall Street Analyst Weigh In

Separately, Benchmark raised their price objective on Intchains Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, August 16th.

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.