Lichen International Limited (NASDAQ:LICN) Sees Significant Decline in Short Interest

Lichen International Limited (NASDAQ:LICN) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 137,660 shares, a decrease of 51.0% from the July 30th total of 280,714 shares. Approximately 22.9% of the company’s stock are short sold. Based on an average trading volume of 83,519 shares, the short-interest ratio is currently 1.6 days.

Lichen International Stock Performance

LICN traded down $0.02 during trading hours on Friday, hitting $1.20. 26,585 shares of the stock were exchanged, compared to its average volume of 50,929. The stock has a 50-day simple moving average of $1.26 and a 200-day simple moving average of $2.87. Lichen International has a 12 month low of $0.70 and a 12 month high of $9.49.

Analysts Set New Price Targets

LICN has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Lichen International

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.