Short Interest in Li Ning Company Limited (OTCMKTS:LNNGF) Expands By 87.3%

Li Ning Company Limited (OTCMKTS:LNNGF) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 4,429,021 shares, an increase of 87.3% from the December 31st total of 2,364,406 shares. Based on an average daily volume of 17 shares, the days-to-cover ratio is presently 260,530.6 days. Based on an average daily volume of 17 shares, the days-to-cover ratio is presently 260,530.6 days.

Li Ning Stock Performance

Shares of Li Ning stock opened at $2.60 on Friday. Li Ning has a 12-month low of $1.53 and a 12-month high of $2.60. The business’s 50 day moving average is $2.36 and its 200-day moving average is $2.25.

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.