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

Lichen International Limited (NASDAQ:LICN – Get Free Report) saw a large decrease in short interest in 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. Approximately 20.6% of the shares of the stock are sold short. Based on an average daily volume of 349,141 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LICN. Wall Street Zen raised Lichen International from a “strong sell” rating to a “sell” rating in a report on Saturday, July 4th. Weiss Ratings downgraded Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lichen International currently has a consensus rating of “Sell”.

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Lichen International Stock Down 7.6%

Shares of LICN stock traded down $0.09 on Friday, reaching $1.10. 364,272 shares of the company were exchanged, compared to its average volume of 1,652,927. Lichen International has a 1 year low of $0.70 and a 1 year high of $9.49. The business has a 50-day moving average price of $1.61 and a 200 day moving average price of $3.20.

Lichen International (NASDAQ:LICN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $14.18 earnings per share for the quarter. The company had revenue of $5.13 million during the quarter.

About Lichen International

(Get Free Report)

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.

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