Lichen China Limited (NASDAQ:LICN) Sees Large Drop in Short Interest

Lichen China Limited (NASDAQ:LICN) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 28,900 shares, a decrease of 11.1% from the October 15th total of 32,500 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 61,500 shares, the short-interest ratio is currently 0.5 days.

Lichen China Trading Up 1.3 %

LICN stock traded up $0.02 during midday trading on Friday, reaching $1.53. 14,418 shares of the company’s stock traded hands, compared to its average volume of 210,708. The company has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $1.43. Lichen China has a 1-year low of $0.63 and a 1-year high of $5.82.

Institutional Trading of Lichen China

An institutional investor recently bought a new position in Lichen China stock. Two Sigma Investments LP purchased a new position in shares of Lichen China Limited (NASDAQ:LICN) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,760 shares of the company’s stock, valued at approximately $37,000. Two Sigma Investments LP owned approximately 0.07% of Lichen China as of its most recent SEC filing. Institutional investors and hedge funds own 0.16% of the company’s stock.

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. 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.