Li Ning Company Limited (OTCMKTS:LNNGF) Sees Significant Increase in Short Interest

Li Ning Company Limited (OTCMKTS:LNNGFGet Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 4,429,021 shares, a growth of 87.3% from the December 31st total of 2,364,406 shares. Based on an average trading volume of 17 shares, the days-to-cover ratio is presently 260,530.6 days. Based on an average trading volume of 17 shares, the days-to-cover ratio is presently 260,530.6 days.

Li Ning Stock Performance

Shares of OTCMKTS:LNNGF opened at $2.60 on Friday. Li Ning has a 52 week low of $1.53 and a 52 week high of $2.60. The company’s fifty day moving average is $2.36 and its 200-day moving average is $2.25.

Li Ning Company Profile

(Get Free Report)

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.

Further Reading

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