Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 91,000 shares, a decrease of 16.9% from the October 15th total of 109,500 shares. Based on an average daily trading volume, of 352,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Lichen China

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 second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned approximately 0.14% of Lichen China at the end of the most recent quarter.

Lichen China Price Performance

Shares of Lichen China stock opened at $1.88 on Friday. Lichen China has a 52 week low of $0.50 and a 52 week high of $2.44. The stock has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $1.75.

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.