Lichen China Limited (NASDAQ:LICN) Short Interest Update

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lichen China stock. XTX Topco Ltd purchased a new position in Lichen China Limited (NASDAQ:LICN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned about 0.14% of Lichen China as of its most recent filing with the Securities and Exchange Commission (SEC).

Lichen China Stock Performance

LICN traded up $0.05 during trading on Friday, hitting $0.23. 44,240,730 shares of the company traded hands, compared to its average volume of 2,959,549. Lichen China has a 1 year low of $0.15 and a 1 year high of $2.44. The stock’s 50-day simple moving average is $1.40 and its two-hundred day simple moving average is $1.68.

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.