Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 64,900 shares, a drop of 28.7% from the October 31st total of 91,000 shares. Based on an average daily trading volume, of 524,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

Lichen China Price Performance

Shares of LICN stock traded up $0.01 during mid-day trading on Friday, hitting $1.87. 1,964,087 shares of the company’s stock were exchanged, compared to its average volume of 534,683. Lichen China has a fifty-two week low of $0.50 and a fifty-two week high of $2.44. The stock has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $1.81.

Institutional Investors Weigh In On Lichen China

An institutional investor recently bought a new position in Lichen China stock. XTX Topco Ltd acquired a new position in shares of Lichen China Limited (NASDAQ:LICN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned about 0.14% of Lichen China as of its most recent SEC filing.

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.