LICT Corp. (OTCMKTS:LICT) Sees Large Decline in Short Interest

LICT Corp. (OTCMKTS:LICT) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 15 shares, a drop of 44.4% from the September 15th total of 27 shares. Based on an average trading volume of 14 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

LICT Stock Performance

Shares of OTCMKTS LICT remained flat at $13,000.00 during mid-day trading on Thursday. The firm’s 50 day moving average price is $12,415.10 and its 200 day moving average price is $11,760.48. LICT has a fifty-two week low of $9,800.00 and a fifty-two week high of $14,500.00. The company has a market capitalization of $260 million and a price-to-earnings ratio of 15.62.

LICT (OTCMKTS:LICT) last released its quarterly earnings results on Tuesday, August 11th. The company reported $403.00 EPS for the quarter. The firm had revenue of $40.56 million for the quarter.

About LICT

LICT Corporation (OTCMKTS:LICT) is a telecommunications holding company focused on providing communications services in rural and underserved communities in the United States. Through its operating subsidiaries, the company offers broadband internet, voice, video and wireless telecommunications services.

LICT’s operations are concentrated in selected rural markets, including communities in Kansas, Missouri, New Mexico and Wisconsin. Its network and service offerings support residential, business and institutional customers, with broadband connectivity representing an important part of its business.

The company has historically expanded and managed a portfolio of rural telecommunications operations through acquisitions and investments in network infrastructure.