Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the target of a significant drop in short interest during 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 trading volume, of 1,464 shares, the short-interest ratio is currently 2,785.0 days.
Li Ning Stock Performance
LNNGF stock remained flat at $1.75 during midday trading on Tuesday. The stock’s 50 day simple moving average is $2.17 and its 200-day simple moving average is $2.43. Li Ning has a twelve month low of $1.75 and a twelve month high of $2.85.
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.
Further Reading
- Five stocks we like better than Li Ning
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for Li Ning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Ning and related companies with MarketBeat.com's FREE daily email newsletter.
