Lichen International Limited (NASDAQ:LICN) Short Interest Up 297.5% in May

Lichen International Limited (NASDAQ:LICN) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 18,637 shares, an increase of 297.5% from the April 30th total of 4,689 shares. Based on an average trading volume of 62,054 shares, the short-interest ratio is currently 0.3 days. Currently, 3.1% of the company’s stock are sold short.

Lichen International Trading Up 10.9%

LICN opened at $1.53 on Friday. The business’s 50-day moving average is $4.59 and its two-hundred day moving average is $3.62. 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 earnings results on Tuesday, April 28th. The company reported $14.18 earnings per share (EPS) for the quarter. The business had revenue of $5.13 million for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Lichen International to a “sell” rating in a research report on Saturday. Weiss Ratings downgraded shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently 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.