Lichen China Limited (NASDAQ:LICN) Sees Significant Growth in Short Interest

Lichen China Limited (NASDAQ:LICN) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,940,000 shares, a growth 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 short-interest ratio is presently 0.4 days. Approximately 12.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Lichen China

An institutional investor recently bought a new position in Lichen China stock. XTX Topco Ltd acquired a new position in Lichen China Limited (NASDAQ:LICN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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.

Lichen China Stock Up 21.3 %

NASDAQ:LICN traded up $0.04 during midday trading on Friday, hitting $0.23. The company had a trading volume of 41,923,016 shares, compared to its average volume of 2,947,576. The stock’s fifty day moving average price is $1.43 and its 200-day moving average price is $1.69. Lichen China has a 52-week low of $0.15 and a 52-week high of $2.44.

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.