Intchains Group Limited (NASDAQ:ICG) Short Interest Update

Intchains Group Limited (NASDAQ:ICG) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 13,800 shares, an increase of 6.2% from the August 15th total of 13,000 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 2.9 days.

Intchains Group Price Performance

NASDAQ ICG traded down $0.25 during trading on Tuesday, hitting $6.15. The stock had a trading volume of 539 shares, compared to its average volume of 12,036. Intchains Group has a one year low of $5.81 and a one year high of $11.74. The firm’s 50 day moving average price is $6.75.

Intchains Group (NASDAQ:ICG) last announced its quarterly earnings data on Wednesday, August 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $1.92 million for the quarter.

Institutional Trading of Intchains Group

An institutional investor recently bought a new position in Intchains Group stock. UBS Group AG purchased a new stake in shares of Intchains Group Limited (NASDAQ:ICG) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,974 shares of the company’s stock, valued at approximately $34,000.

Intchains Group Company Profile

Intchains Group Limited designs and sells application-specific integrated circuit chips and ancillary software and hardware for blockchain applications in the People's Republic of China. It serves distributors, companies, and individuals. Intchains Group Limited was founded in 2017 and is based in Pudong, China.