Lichen International Limited (NASDAQ:LICN) Short Interest Down 80.4% in July

Lichen International Limited (NASDAQ:LICNGet Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 123,867 shares, a drop of 80.4% from the June 30th total of 633,114 shares. Approximately 20.6% of the shares of the company are sold short. Based on an average daily volume of 349,141 shares, the short-interest ratio is currently 0.4 days.

Lichen International Stock Performance

NASDAQ:LICN opened at $1.10 on Friday. Lichen International has a one year low of $0.70 and a one year high of $9.49. The business has a fifty day moving average price of $1.61 and a 200-day moving average price of $3.20.

Lichen International (NASDAQ:LICNGet Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $14.18 EPS for the quarter. The company had revenue of $5.13 million during the quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LICN. Weiss Ratings lowered shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Lichen International from a “strong sell” rating to a “sell” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lichen International currently has a consensus rating of “Sell”.

View Our Latest Research Report on LICN

Lichen International Company Profile

(Get Free Report)

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.

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