Lichen International Limited (NASDAQ:LICN) Short Interest Down 80.4% in July

Lichen International Limited (NASDAQ:LICN) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 123,867 shares, a decrease of 80.4% from the June 30th total of 633,114 shares. Based on an average trading volume of 349,141 shares, the short-interest ratio is currently 0.4 days. Approximately 20.6% of the company’s stock are sold short.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Lichen International from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings lowered shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Lichen International Stock Performance

LICN opened at $1.10 on Friday. The company’s 50-day simple moving average is $1.61 and its two-hundred day simple moving average is $3.20. Lichen International has a 52-week low of $0.70 and a 52-week high of $9.49.

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

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.