Lichen International Limited (NASDAQ:LICN) Short Interest Update

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Lichen International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Lichen International Stock Performance

Shares of NASDAQ LICN traded down $0.30 during midday trading on Wednesday, reaching $8.33. 100,522 shares of the company were exchanged, compared to its average volume of 30,405. Lichen International has a 1 year low of $2.57 and a 1 year high of $9.49. The stock has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $3.69.

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

Lichen International Company Profile

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.