Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Down 38.7% in July

Li Ning Company Limited (OTCMKTS:LNNGF) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2,501,161 shares, a decrease of 38.7% from the June 30th total of 4,077,199 shares. Based on an average daily trading volume, of 17 shares, the days-to-cover ratio is currently 147,127.1 days.

Li Ning Price Performance

LNNGF traded up $0.05 during trading on Thursday, reaching $2.00. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 3,039. Li Ning has a fifty-two week low of $1.75 and a fifty-two week high of $2.85. The company’s fifty day moving average price is $2.02 and its 200-day moving average price is $2.39.

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.