Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 28,100,410 shares, an increase of 121.6% from the April 15th total of 12,678,561 shares. Based on an average trading volume of 1,826 shares, the days-to-cover ratio is currently 15,389.1 days.
Li Ning Stock Performance
Shares of Li Ning stock remained flat at $2.50 during midday trading on Friday. The firm’s 50 day moving average is $2.54 and its two-hundred day moving average is $2.45. Li Ning has a one year low of $1.84 and a one year high of $2.85.
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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