LICT Corp. (OTCMKTS:LICT) Sees Significant Increase in Short Interest

LICT Corp. (OTCMKTS:LICT) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 59 shares, a growth of ∞ from the August 15th total of 0 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 33 shares, the days-to-cover ratio is currently 1.8 days.

LICT Price Performance

Shares of LICT remained flat at $13,000.00 during trading hours on Wednesday. 3 shares of the company traded hands, compared to its average volume of 11. The business’s fifty day moving average is $11,774.66 and its 200-day moving average is $11,546.42. LICT has a 1 year low of $9,800.00 and a 1 year high of $14,000.00. The firm has a market cap of $208 million, a price-to-earnings ratio of 15.62 and a beta of 0.03.

LICT (OTCMKTS:LICT) last released its quarterly earnings results on Tuesday, August 11th. The company reported $403.00 EPS for the quarter. The firm had revenue of $40.56 million for the quarter.

LICT Company Profile

LICT Corporation (OTCMKTS:LICT) is a holding company focused primarily on providing telecommunications services to customers in rural and underserved communities in the United States. Through its operating subsidiaries, the company offers local and long-distance telephone service, broadband internet access, and related communications services.

LICT’s business activities have historically centered on owning and operating rural telephone companies and local exchange networks. Depending on the subsidiary and market, its services may also include video or television offerings, wireless communications, network transport, and other technology-related services supporting residential, business, and institutional customers.

The company is headquartered in Rye Brook, New York, and serves geographically dispersed markets through its portfolio of telecommunications operations.