Lichen International Limited (NASDAQ:LICN) Sees Large Drop in Short Interest

Lichen International Limited (NASDAQ:LICN) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 137,660 shares, a decrease of 51.0% from the July 30th total of 280,714 shares. Based on an average daily trading volume, of 83,519 shares, the days-to-cover ratio is presently 1.6 days. Approximately 22.9% of the shares of the company are short sold.

Lichen International Trading Down 1.6%

Shares of NASDAQ:LICN traded down $0.02 during trading on Friday, reaching $1.20. The company had a trading volume of 26,585 shares, compared to its average volume of 49,105. The firm’s fifty day moving average is $1.26 and its 200 day moving average is $2.87. Lichen International has a twelve month low of $0.70 and a twelve month high of $9.49.

Analyst Ratings Changes

Several analysts have weighed in on LICN shares. Wall Street Zen raised Lichen International from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings lowered Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.