Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 382,681 shares, a decrease of 65.7% from the July 30th total of 1,115,308 shares. Based on an average daily volume of 255 shares, the days-to-cover ratio is presently 1,500.7 days.
Li Ning Price Performance
Li Ning stock remained flat at $1.76 during mid-day trading on Friday. Li Ning has a fifty-two week low of $1.65 and a fifty-two week high of $2.85. The stock has a fifty day moving average of $1.84 and a 200 day moving average of $2.28.
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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