Lichen International Limited (NASDAQ:LICN) Short Interest Down 80.4% in July

Lichen International Limited (NASDAQ:LICNGet Free Report) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 123,867 shares, a decline of 80.4% from the June 30th total of 633,114 shares. Based on an average daily trading volume, of 349,141 shares, the days-to-cover ratio is presently 0.4 days. Currently, 20.6% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Lichen International from a “strong sell” rating to a “sell” rating in a 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 note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Get Our Latest Analysis on Lichen International

Lichen International Stock Up 8.2%

NASDAQ:LICN traded up $0.09 during trading hours on Monday, hitting $1.19. 347,011 shares of the stock were exchanged, compared to its average volume of 525,949. The company’s 50 day moving average is $1.56 and its two-hundred day moving average is $3.18. Lichen International has a twelve month low of $0.70 and a twelve month high of $9.49.

Lichen International (NASDAQ:LICNGet Free Report) last released its earnings results 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

(Get Free Report)

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.

Further Reading

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