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

Lichen International Limited (NASDAQ:LICN) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 633,114 shares, a growth of 276.6% from the June 15th total of 168,129 shares. Based on an average daily volume of 2,127,641 shares, the short-interest ratio is currently 0.3 days. Approximately 105.5% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. 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 raised shares of Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Lichen International Stock Performance

LICN stock traded down $0.03 on Tuesday, reaching $1.36. The company’s stock had a trading volume of 69,898 shares, compared to its average volume of 340,409. The business has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $3.31. Lichen International has a 12-month low of $0.75 and a 12-month high of $9.49.

Lichen International (NASDAQ:LICN) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $14.18 earnings per share (EPS) for the quarter. The company had revenue of $5.13 million for the quarter.

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.