Lichen International Limited (NASDAQ:LICN) Short Interest Update

Lichen International Limited (NASDAQ:LICN) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 4,689 shares, a decline of 74.4% from the April 15th total of 18,321 shares. Based on an average daily volume of 35,882 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.8% of the shares of the company are short sold.

Lichen International Price Performance

Shares of NASDAQ:LICN traded down $0.30 during trading on Wednesday, hitting $8.33. 100,522 shares of the stock were exchanged, compared to its average volume of 30,405. The company has a fifty day moving average price of $4.60 and a two-hundred day moving average price of $3.69. Lichen International has a 12-month low of $2.57 and a 12-month high of $9.49.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Lichen International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lichen International currently has an average rating of “Sell”.

About Lichen International

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.