Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 91,000 shares, a drop of 16.9% from the October 15th total of 109,500 shares. Based on an average trading volume of 352,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Lichen China Stock Performance

Shares of Lichen China stock opened at $1.88 on Friday. Lichen China has a 52-week low of $0.50 and a 52-week high of $2.44. The stock’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $1.76.

Institutional Trading of Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd acquired a new stake in Lichen China Limited (NASDAQ:LICN) in the second quarter, according to its most recent filing with the SEC. The fund acquired 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned approximately 0.14% of Lichen China at the end of the most recent quarter.

Lichen China 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.