Lichen China Limited (NASDAQ:LICN) Sees Large Increase in Short Interest

Lichen China Limited (NASDAQ:LICN) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,940,000 shares, a growth of 2,099.0% from the November 30th total of 133,700 shares. Based on an average daily volume of 7,940,000 shares, the short-interest ratio is currently 0.4 days. Approximately 12.3% of the shares of the company are sold short.

Lichen China Price Performance

Lichen China stock traded up $0.05 during trading on Friday, reaching $0.23. The company had a trading volume of 44,240,730 shares, compared to its average volume of 2,959,549. The firm’s 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.68. Lichen China has a 52 week low of $0.15 and a 52 week high of $2.44.

Institutional Trading of Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd bought a new stake in shares of Lichen China Limited (NASDAQ:LICN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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.

Lichen China Company Profile

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.