Lichen China Limited (NASDAQ:LICN) Sees Large Increase in Short Interest

Lichen China Limited (NASDAQ:LICN) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 62,700 shares, a growth of 94.7% from the March 15th total of 32,200 shares. Based on an average daily trading volume, of 344,500 shares, the short-interest ratio is presently 0.2 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Trading of Lichen China

A hedge fund recently bought a new stake in Lichen China stock. Two Sigma Investments LP bought a new position in shares of Lichen China Limited (NASDAQ:LICN) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,760 shares of the company’s stock, valued at approximately $37,000. Two Sigma Investments LP owned approximately 0.07% of Lichen China as of its most recent filing with the Securities & Exchange Commission.

Lichen China Stock Down 2.8 %

LICN stock opened at $1.04 on Friday. The business has a 50-day moving average of $1.15 and a 200-day moving average of $1.42. Lichen China has a fifty-two week low of $0.63 and a fifty-two week high of $3.54.

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.