Short Interest in Li Ning Company Limited (OTCMKTS:LNNGF) Decreases By 34.3%

Li Ning Company Limited (OTCMKTS:LNNGF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,463,092 shares, a decline of 34.3% from the November 30th total of 2,228,061 shares. Based on an average daily trading volume, of 23 shares, the days-to-cover ratio is presently 63,612.7 days. Based on an average daily trading volume, of 23 shares, the days-to-cover ratio is presently 63,612.7 days.

Li Ning Trading Down 2.1%

LNNGF stock traded down $0.05 during mid-day trading on Tuesday, hitting $2.35. 9,915 shares of the stock were exchanged, compared to its average volume of 2,222. The business has a fifty day moving average price of $2.20 and a 200 day moving average price of $2.17. Li Ning has a 12 month low of $1.53 and a 12 month high of $2.60.

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.