Lichen International Limited (NASDAQ:LICN) Short Interest Up 276.6% in June

Lichen International Limited (NASDAQ:LICNGet Free Report) saw a large 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. Approximately 105.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

LICN has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on LICN

Lichen International Stock Performance

Shares of LICN stock traded down $0.13 during mid-day trading on Monday, reaching $1.39. The company’s stock had a trading volume of 80,072 shares, 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 company’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $3.31.

Lichen International (NASDAQ:LICNGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $14.18 earnings per share (EPS) for the quarter. The firm had revenue of $5.13 million for the quarter.

About Lichen International

(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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