Short Interest in Lichen International Limited (NASDAQ:LICN) Grows By 297.5%

Lichen International Limited (NASDAQ:LICN) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 18,637 shares, a growth of 297.5% from the April 30th total of 4,689 shares. Based on an average daily trading volume, of 62,054 shares, the short-interest ratio is currently 0.3 days. Currently, 3.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Lichen International Trading Down 3.7%

Shares of NASDAQ LICN traded down $0.05 during trading hours on Friday, hitting $1.33. The stock had a trading volume of 225,627 shares, compared to its average volume of 135,085. The firm’s 50-day moving average price is $4.62 and its two-hundred day moving average price is $3.63. Lichen International has a 52 week low of $0.75 and a 52 week high of $9.49.

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