Lichen International Limited (NASDAQ:LICN) Short Interest Update

by · The Cerbat Gem

Lichen International Limited (NASDAQ:LICN – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,637 shares, an increase of 297.5% from the April 30th total of 4,689 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 62,054 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Report on LICN

Lichen International Price Performance

Shares of NASDAQ:LICN traded down $0.05 on Friday, hitting $1.33. The company had a trading volume of 225,627 shares, compared to its average volume of 135,085. Lichen International has a 1-year low of $0.75 and a 1-year high of $9.49. The stock has a 50 day moving average price of $4.62 and a 200 day moving average price of $3.63.

Lichen International (NASDAQ:LICN – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $14.18 earnings per share for the quarter. The firm had revenue of $5.13 million for the quarter.

About Lichen International

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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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