Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,364,406 shares, an increase of 61.6% from the December 15th total of 1,463,092 shares. Based on an average trading volume of 1,821 shares, the short-interest ratio is currently 1,298.4 days. Based on an average trading volume of 1,821 shares, the short-interest ratio is currently 1,298.4 days.
Li Ning Stock Performance
Shares of OTCMKTS LNNGF remained flat at $2.50 during mid-day trading on Friday. Li Ning has a 52-week low of $1.53 and a 52-week high of $2.60. The company has a 50-day simple moving average of $2.27 and a two-hundred day simple moving average of $2.21.
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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