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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lichen China stock. XTX Topco Ltd purchased a new position in Lichen China Limited (NASDAQ:LICN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned about 0.14% of Lichen China as of its most recent SEC filing.

Lichen China Trading Up 21.3 %

LICN stock traded up $0.04 during trading on Friday, hitting $0.23. 41,923,016 shares of the company traded hands, compared to its average volume of 2,947,576. The company has a 50-day moving average of $1.43 and a 200-day moving average of $1.69. Lichen China has a 1 year low of $0.15 and a 1 year high of $2.44.

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.