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

Lichen International Limited (NASDAQ:LICN) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,689 shares, a drop of 74.4% from the April 15th total of 18,321 shares. Based on an average daily volume of 35,882 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.8% of the shares of the stock are sold short.

Lichen International Price Performance

LICN stock traded down $1.31 during trading on Friday, hitting $7.08. 220,622 shares of the company’s stock traded hands, compared to its average volume of 42,868. Lichen International has a 52 week low of $2.57 and a 52 week high of $9.49. The business has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $3.77.

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

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Lichen International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.