Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 7,445,667 shares, a growth of 35.4% from the February 26th total of 5,500,271 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 37,228.3 days.
Li Ning Price Performance
Li Ning stock opened at $2.55 on Monday. Li Ning has a one year low of $1.53 and a one year high of $2.85. The company’s fifty day moving average price is $2.64 and its two-hundred day moving average price is $2.37.
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
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