Lichen China Limited (NASDAQ:LICN) Sees Significant Growth in Short Interest

Lichen China Limited (NASDAQ:LICN) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 109,500 shares, a growth of 11.3% from the September 30th total of 98,400 shares. Based on an average trading volume of 195,800 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Lichen China

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

Lichen China Trading Up 0.6 %

NASDAQ:LICN traded up $0.01 during trading hours on Thursday, reaching $2.01. The company had a trading volume of 1,804,436 shares, compared to its average volume of 470,787. Lichen China has a 1-year low of $0.50 and a 1-year high of $2.44. The business’s 50 day moving average price is $1.88 and its 200-day moving average price is $1.68.

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.