Intchains Group Limited (NASDAQ:ICG) Short Interest Up 250.0% in December

Intchains Group Limited (NASDAQ:ICG) saw a significant increase in short interest during the month of 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 currently 0.1 days.

Intchains Group Price Performance

Intchains Group stock traded down $0.71 during mid-day trading on Thursday, hitting $5.97. 38,309 shares of the company’s stock traded hands, compared to its average volume of 55,043. The firm has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $6.00. Intchains Group has a fifty-two week low of $3.21 and a fifty-two week high of $14.22. The stock has a market cap of $357.83 million, a price-to-earnings ratio of 54.28 and a beta of 0.93.

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.