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

LICT Corp. (OTCMKTS:LICT) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 27 shares, a decline of 54.2% from the August 31st total of 59 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 7 shares, the days-to-cover ratio is currently 3.9 days.

LICT Price Performance

LICT stock traded down $425.00 during trading on Wednesday, reaching $13,375.00. 20 shares of the company were exchanged, compared to its average volume of 100. The stock’s 50 day simple moving average is $12,063.00 and its two-hundred day simple moving average is $11,659.80. The company has a market capitalization of $267.50 million, a P/E ratio of 16.08 and a beta of 0.03. LICT has a 52-week low of $9,800.00 and a 52-week high of $14,500.00.

LICT (OTCMKTS:LICT) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $403.00 EPS for the quarter. The company 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.