Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,293,855 shares, an increase of 1,022.0% from the August 15th total of 382,681 shares. Based on an average daily trading volume, of 219 shares, the short-interest ratio is currently 19,606.6 days.
Li Ning Price Performance
LNNGF stock remained flat at $1.85 on Thursday. Li Ning has a 52 week low of $1.65 and a 52 week high of $2.85. The business has a 50 day moving average of $1.80 and a two-hundred day 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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