Lichen China Limited (NASDAQ:LICN) Short Interest Update

Lichen China Limited (NASDAQ:LICN) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 109,500 shares, an increase of 11.3% from the September 30th total of 98,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 195,800 shares, the days-to-cover ratio is presently 0.6 days.

Lichen China Stock Performance

Shares of NASDAQ:LICN opened at $1.99 on Thursday. Lichen China has a 52-week low of $0.50 and a 52-week high of $2.44. The stock’s fifty day simple moving average is $1.88 and its 200-day simple moving average is $1.68.

Institutional Inflows and Outflows

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

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.