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

Lichen China Limited (NASDAQ:LICN) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 18,500 shares, a decline of 97.3% from the February 13th total of 679,400 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 128,800 shares, the short-interest ratio is currently 0.1 days.

Lichen China Price Performance

NASDAQ LICN opened at $4.84 on Thursday. The business has a fifty day moving average price of $18.96 and a 200 day moving average price of $210.97. Lichen China has a one year low of $4.52 and a one year high of $488.00.

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.