Lichen International Limited (NASDAQ:LICN) Short Interest Update

Lichen International Limited (NASDAQ:LICN) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 280,714 shares, a growth of 126.6% from the July 15th total of 123,867 shares. Based on an average daily volume of 2,392,662 shares, the days-to-cover ratio is presently 0.1 days. Approximately 46.8% of the shares of the company are short sold.

Lichen International Stock Up 3.1%

Shares of Lichen International stock opened at $1.34 on Friday. Lichen International has a 12 month low of $0.70 and a 12 month high of $9.49. The business has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $3.00.

Analysts Set New Price Targets

A number of research analysts have issued reports on LICN shares. Weiss Ratings lowered 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lichen International presently 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.