Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 185,500 shares, a drop of 24.9% from the May 15th total of 247,100 shares. Based on an average daily volume of 829,300 shares, the short-interest ratio is presently 0.2 days. Currently, 1.4% of the shares of the stock are sold short.

Lichen China Stock Performance

Shares of Lichen China stock traded down $0.05 during midday trading on Friday, reaching $1.35. The company had a trading volume of 15,126 shares, compared to its average volume of 657,672. The stock has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.39. Lichen China has a 1-year low of $0.50 and a 1-year high of $2.30.

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.