Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 382,681 shares, a drop of 65.7% from the July 30th total of 1,115,308 shares. Based on an average daily trading volume, of 255 shares, the short-interest ratio is currently 1,500.7 days.
Li Ning Price Performance
Shares of Li Ning stock remained flat at $1.76 during trading hours on Friday. Li Ning has a 1-year low of $1.65 and a 1-year high of $2.85. The firm has a 50-day moving average price of $1.85 and a two-hundred day moving average price of $2.28.
Li Ning Company Profile
Li Ning Company Limited is a leading manufacturer, distributor and retailer of sportswear and sports equipment headquartered in Beijing, China. The company’s product portfolio encompasses athletic footwear, apparel and accessories tailored to running, basketball, badminton, tennis and fitness segments. Since its founding in 1990 by former Olympic gymnast Li Ning, the firm has developed a comprehensive supply chain that spans design, manufacturing, wholesale and retail channels.
Li Ning distributes its products through a network of directly operated stores, franchised outlets and e-commerce platforms across mainland China.
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