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

Lichen China Limited (NASDAQ:LICN) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 91,000 shares, a decline of 16.9% from the October 15th total of 109,500 shares. Based on an average daily volume of 352,300 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd bought a new stake 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 and Exchange Commission. The institutional investor bought 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.

Lichen China Stock Up 4.4 %

NASDAQ:LICN opened at $1.88 on Friday. Lichen China has a 52 week low of $0.50 and a 52 week high of $2.44. The firm’s fifty day moving average is $1.89 and its 200-day moving average is $1.75.

About Lichen China

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.