Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 4,077,199 shares, a drop of 58.1% from the June 15th total of 9,723,128 shares. Based on an average daily volume of 1,464 shares, the short-interest ratio is presently 2,785.0 days.
Li Ning Price Performance
Shares of LNNGF opened at $1.75 on Thursday. Li Ning has a 1 year low of $1.75 and a 1 year high of $2.85. The stock has a 50 day simple moving average of $2.14 and a 200-day simple moving average of $2.42.
About Li Ning
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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