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

Li Ning Company Limited (OTCMKTS:LNNGF) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,445,667 shares, an increase of 35.4% from the February 26th total of 5,500,271 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 37,228.3 days.

Li Ning Stock Performance

OTCMKTS:LNNGF opened at $2.55 on Friday. The firm’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.37. Li Ning has a twelve month low of $1.53 and a twelve month high of $2.85.

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.