Short Interest in Lichen China Limited (NASDAQ:LICN) Increases By 11.3%

by · The Cerbat Gem

Lichen China Limited (NASDAQ:LICN – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 109,500 shares, an increase of 11.3% from the September 30th total of 98,400 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 195,800 shares, the short-interest ratio is currently 0.6 days.

Lichen China Stock Up 0.6 %

Lichen China stock traded up $0.01 during mid-day trading on Thursday, hitting $2.01. The company’s stock had a trading volume of 1,804,436 shares, compared to its average volume of 470,787. The firm’s 50 day moving average is $1.88 and its 200 day moving average is $1.68. Lichen China has a 52-week low of $0.50 and a 52-week high of $2.44.

Institutional Investors Weigh In On Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd purchased a new position in shares of Lichen China Limited (NASDAQ:LICN – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 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 reporting period.

About Lichen China

(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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