Lichen International Limited (NASDAQ:LICN) Short Interest Update

Lichen International Limited (NASDAQ:LICN) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 633,114 shares, an increase of 276.6% from the June 15th total of 168,129 shares. Based on an average daily trading volume, of 2,127,641 shares, the short-interest ratio is presently 0.3 days. Currently, 105.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LICN. Wall Street Zen upgraded Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings downgraded shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lichen International Trading Down 8.6%

Shares of NASDAQ LICN traded down $0.13 during midday trading on Monday, reaching $1.39. 80,072 shares of the stock were exchanged, compared to its average volume of 1,270,157. Lichen International has a 12 month low of $0.75 and a 12 month high of $9.49. The business has a 50-day simple moving average of $2.64 and a two-hundred day simple moving average of $3.31.

Lichen International (NASDAQ:LICN) last released its quarterly earnings data on Tuesday, April 28th. The company reported $14.18 EPS for the quarter. The firm had revenue of $5.13 million during the quarter.

Lichen International Company Profile

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.