Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Down 55.4% in July

Li Ning Company Limited (OTCMKTS:LNNGF) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,115,308 shares, a drop of 55.4% from the July 15th total of 2,501,161 shares. Based on an average daily trading volume, of 699 shares, the days-to-cover ratio is currently 1,595.6 days.

Li Ning Price Performance

Shares of Li Ning stock remained flat at $1.65 during trading on Friday. Li Ning has a 12 month low of $1.65 and a 12 month high of $2.85. The stock has a 50-day moving average price of $1.95 and a 200-day moving average price of $2.34.

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.