Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,364,406 shares, an increase of 61.6% from the December 15th total of 1,463,092 shares. Based on an average trading volume of 1,821 shares, the short-interest ratio is presently 1,298.4 days. Based on an average trading volume of 1,821 shares, the short-interest ratio is presently 1,298.4 days.
Li Ning Price Performance
OTCMKTS LNNGF opened at $2.50 on Friday. The stock’s 50 day moving average is $2.27 and its 200 day moving average is $2.21. Li Ning has a 12 month low of $1.53 and a 12 month high of $2.60.
About Li Ning
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.
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