Lichen International Limited (NASDAQ:LICN) Short Interest Update

by · The Cerbat Gem

Lichen International Limited (NASDAQ:LICN – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 280,714 shares, a growth of 126.6% from the July 15th total of 123,867 shares. Based on an average trading volume of 2,392,662 shares, the short-interest ratio is currently 0.1 days. Approximately 46.8% of the shares of the company are short sold.

Lichen International Stock Performance

Lichen International stock traded up $0.04 during midday trading on Friday, reaching $1.34. 42,040 shares of the stock were exchanged, compared to its average volume of 1,513,511. Lichen International has a 52 week low of $0.70 and a 52 week high of $9.49. The company’s fifty day moving average is $1.50 and its 200-day moving average is $3.00.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LICN. Wall Street Zen upgraded Lichen International from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings downgraded Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on Lichen International

Lichen International Company Profile

(Get Free Report)

Lichen China Limited, together with its subsidiaries, operates as an investment holding company, provides financial and taxation, education support, and software and maintenance services in the People's Republic of China and internationally. The company offers financial and taxation related management consultation, internal control management consultation, annual or regular consultation, and internal training and general consultation services; and education support services, including marketing, operational, and technical support, as well as sells teaching and learning materials.

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