Lichen International Limited (NASDAQ:LICN) Short Interest Up 297.5% in May

Lichen International Limited (NASDAQ:LICN) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 18,637 shares, an increase of 297.5% from the April 30th total of 4,689 shares. Based on an average daily trading volume, of 62,054 shares, the short-interest ratio is currently 0.3 days. Approximately 3.1% of the shares of the company are sold short.

Lichen International Stock Up 10.9%

NASDAQ LICN traded up $0.15 during trading hours on Friday, reaching $1.53. The company’s stock had a trading volume of 446,431 shares, compared to its average volume of 558,424. The firm’s 50-day moving average price is $4.59 and its 200-day moving average price is $3.62. Lichen International has a 1 year low of $0.75 and a 1 year high of $9.49.

Lichen International (NASDAQ:LICN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $14.18 EPS for the quarter. The business had revenue of $5.13 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LICN shares. Wall Street Zen raised Lichen International to a “sell” rating in a research report on Saturday. Weiss Ratings cut Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lichen International 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.