Lichen China Limited (NASDAQ:LICN) Sees Significant Growth in Short Interest

Lichen China Limited (NASDAQ:LICN) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 109,500 shares, an increase of 11.3% from the September 30th total of 98,400 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 195,800 shares, the short-interest ratio is presently 0.6 days.

Lichen China Stock Performance

NASDAQ:LICN traded up $0.01 on Thursday, hitting $2.01. The stock had a trading volume of 1,804,436 shares, compared to its average volume of 470,787. The company has a fifty day moving average price of $1.88 and a two-hundred day moving average price of $1.68. Lichen China has a 1-year low of $0.50 and a 1-year high of $2.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lichen China stock. XTX Topco Ltd acquired a new stake in Lichen China Limited (NASDAQ:LICN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned 0.14% of Lichen China at the end of the most recent quarter.

About Lichen China

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.