Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 64,900 shares, a drop of 28.7% from the October 31st total of 91,000 shares. Based on an average trading volume of 524,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Lichen China Stock Performance

Shares of LICN stock traded up $0.01 during trading hours on Friday, reaching $1.87. 1,964,087 shares of the company’s stock were exchanged, compared to its average volume of 534,683. The company’s 50 day moving average is $1.89 and its two-hundred day moving average is $1.81. Lichen China has a 1 year low of $0.50 and a 1 year high of $2.44.

Hedge Funds Weigh In On Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd acquired a new stake in Lichen China Limited (NASDAQ:LICN) in the 2nd quarter, according to its most recent disclosure with the Securities and 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 reporting period.

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.