Lichen International Limited (NASDAQ:LICN) Sees Significant Decline in Short Interest

Lichen International Limited (NASDAQ:LICN) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 137,660 shares, a decline 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 currently 1.6 days. Currently, 22.9% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

LICN has been the topic of a number of research reports. Weiss Ratings downgraded shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded Lichen International from a “strong sell” rating to a “sell” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lichen International currently has an average rating of “Sell”.

Lichen International Stock Down 1.6%

Shares of NASDAQ LICN traded down $0.02 during midday trading on Friday, reaching $1.20. 26,585 shares of the company’s stock were exchanged, compared to its average volume of 50,929. Lichen International has a 52-week low of $0.70 and a 52-week high of $9.49. The business’s fifty day moving average price is $1.26 and its two-hundred day moving average price is $2.87.

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.