Lichen China Limited (NASDAQ:LICN) Short Interest Down 16.9% in October

Lichen China Limited (NASDAQ:LICN) was the target of a large decrease in short interest in 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 volume of 352,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Lichen China Trading Up 4.4 %

NASDAQ:LICN 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 firm has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $1.76.

Institutional Trading of Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd bought a new position in shares of Lichen China Limited (NASDAQ:LICN) during the second quarter, according to its most recent filing with the SEC. The fund 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 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.