Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Update

Li Ning Company Limited (OTCMKTS:LNNGF) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,632,861 shares, a drop of 38.7% from the August 31st total of 4,293,855 shares. Based on an average daily trading volume, of 974 shares, the short-interest ratio is presently 2,703.1 days.

Li Ning Stock Performance

OTCMKTS LNNGF remained flat at $1.60 during trading hours on Thursday. The company had a trading volume of 300 shares, compared to its average volume of 2,546. Li Ning has a 52 week low of $1.57 and a 52 week high of $2.85. The stock has a 50 day moving average price of $1.76 and a 200 day moving average price of $2.10.

Li Ning Company Profile

Li Ning Company Limited is a China-based sporting goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel and sports equipment under the Li-Ning brand, serving consumers across a range of sports and lifestyle categories.

Its product portfolio includes running shoes, basketball footwear, training and outdoor products, sportswear, accessories and equipment. Li Ning distributes its products through retail stores, wholesale partners, e-commerce platforms and other direct-to-consumer channels, with China as its primary market.

The company has expanded its presence beyond mainland China through international distribution and selected overseas retail activities.