Short Interest in Intchains Group Limited (NASDAQ:ICG) Rises By 39.1%

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

Intchains Group Trading Down 4.2 %

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

Analyst Ratings Changes

Separately, Benchmark lifted their price target on Intchains Group from $10.00 to $11.00 and gave the stock 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.