Short Interest in Lichen China Limited (NASDAQ:LICN) Declines By 11.1%

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

Lichen China Price Performance

LICN stock opened at $1.50 on Thursday. The company’s 50-day moving average is $1.28 and its 200-day moving average is $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 bought a new stake in Lichen China Limited (NASDAQ:LICN) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 17,760 shares of the company’s stock, valued at approximately $37,000. Two Sigma Investments LP owned 0.07% of Lichen China at the end of the most recent reporting period. Institutional investors 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.