Intchains Group Limited (NASDAQ:ICG) Short Interest Update

Intchains Group Limited (NASDAQ:ICG) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,300 shares, a decrease of 88.6% from the October 31st total of 20,100 shares. Based on an average daily volume of 123,700 shares, the days-to-cover ratio is presently 0.0 days.

Intchains Group Trading Up 6.1 %

Shares of Intchains Group stock traded up $0.26 during trading hours on Wednesday, reaching $4.50. The stock had a trading volume of 62,873 shares, compared to its average volume of 47,779. Intchains Group has a twelve month low of $3.21 and a twelve month high of $14.22. The firm has a market capitalization of $269.73 million, a PE ratio of 38.19 and a beta of 0.83. The stock’s 50 day moving average is $4.80 and its 200 day moving average is $6.39.

Analysts Set New Price Targets

Separately, Benchmark upped their price target on shares of Intchains Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

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.