Short Interest in Li Ning Company Limited (OTCMKTS:LNNGY) Drops By 68.0%

Li Ning Company Limited (OTCMKTS:LNNGY) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 1,600 shares, a decrease of 68.0% from the December 31st total of 5,000 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is currently 0.1 days.

Li Ning Price Performance

Shares of OTCMKTS LNNGY traded up $1.09 during midday trading on Tuesday, hitting $52.19. 16,272 shares of the company’s stock were exchanged, compared to its average volume of 19,604. The firm’s fifty day simple moving average is $51.95 and its 200-day simple moving average is $50.31. Li Ning has a twelve month low of $39.26 and a twelve month high of $79.28.

About Li Ning

Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.