Lichen International Limited (NASDAQ:LICN) Short Interest Update

Lichen International Limited (NASDAQ:LICN) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 633,114 shares, a growth of 276.6% from the June 15th total of 168,129 shares. Based on an average daily volume of 2,127,641 shares, the short-interest ratio is currently 0.3 days. Approximately 105.5% of the company’s shares are short sold.

Lichen International Stock Down 8.6%

Shares of NASDAQ:LICN traded down $0.13 during trading on Monday, hitting $1.39. 80,072 shares of the company’s stock were exchanged, compared to its average volume of 1,270,157. The firm has a 50-day moving average price of $2.64 and a two-hundred day moving average price of $3.31. Lichen International has a 1-year low of $0.75 and a 1-year high of $9.49.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen upgraded Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings lowered 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, Lichen International presently has a consensus rating of “Sell”.

About Lichen International

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.