Short Interest in Lichen International Limited (NASDAQ:LICN) Increases By 126.6%

Lichen International Limited (NASDAQ:LICN) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 280,714 shares, an increase of 126.6% from the July 15th total of 123,867 shares. Approximately 46.8% of the company’s stock are sold short. Based on an average trading volume of 2,392,662 shares, the days-to-cover ratio is currently 0.1 days.

Lichen International Trading Up 3.1%

Lichen International stock opened at $1.34 on Friday. The business’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $3.00. Lichen International has a 52 week low of $0.70 and a 52 week high of $9.49.

Analyst Ratings Changes

Several 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 research report on Saturday, July 4th. Weiss Ratings lowered shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.