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

Lichen China Limited (NASDAQ:LICN) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,940,000 shares, a growth of 2,099.0% from the November 30th total of 133,700 shares. Based on an average daily volume of 7,940,000 shares, the short-interest ratio is presently 0.4 days. Approximately 12.3% of the company’s shares are short sold.

Institutional Trading of Lichen China

An institutional investor recently bought a new position in Lichen China stock. XTX Topco Ltd purchased a new stake in Lichen China Limited (NASDAQ:LICN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 Down 11.5 %

Shares of Lichen China stock traded down $0.02 during trading hours on Thursday, reaching $0.19. 90,580,744 shares of the company were exchanged, compared to its average volume of 2,783,816. Lichen China has a 1 year low of $0.15 and a 1 year high of $2.44. The stock’s fifty day moving average is $1.47 and its 200 day moving average is $1.70.

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.