Intchains Group Limited (NASDAQ:ICG – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 41,400 shares, a decline of 82.8% from the September 30th total of 240,300 shares. Based on an average daily volume of 124,100 shares, the days-to-cover ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Benchmark increased their price objective on shares of Intchains Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, August 16th.
Get Our Latest Stock Analysis on ICG
Intchains Group Stock Up 0.9 %
Intchains Group (NASDAQ:ICG – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $16.93 million during the quarter. Intchains Group had a return on equity of 2.57% and a net margin of 12.96%.
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.
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