Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 109,500 shares, an increase of 11.3% from the September 30th total of 98,400 shares. Based on an average daily volume of 195,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% 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 purchased a new stake in shares of Lichen China Limited (NASDAQ:LICN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned 0.14% of Lichen China at the end of the most recent quarter.

Lichen China Stock Up 3.1 %

Shares of LICN stock opened at $1.99 on Thursday. Lichen China has a one year low of $0.50 and a one year high of $2.44. The company has a 50 day moving average price of $1.88 and a 200 day moving average price of $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.