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

Lichen China Limited (NASDAQ:LICN) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 91,000 shares, a decline of 16.9% from the October 15th total of 109,500 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 352,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd bought a new position in Lichen China Limited (NASDAQ:LICN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor 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 quarter.

Lichen China Trading Up 4.4 %

Shares of LICN stock opened at $1.88 on Monday. Lichen China has a twelve month low of $0.50 and a twelve month high of $2.44. The stock has a fifty day simple moving average of $1.89 and a two-hundred day simple moving average of $1.76.

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.