Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a large increase in short interest in 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 short-interest ratio is presently 37,228.3 days.
Li Ning Stock Performance
Shares of OTCMKTS LNNGF opened at $2.55 on Tuesday. Li Ning has a one year low of $1.53 and a one year high of $2.85. The firm’s 50 day simple moving average is $2.64 and its two-hundred day simple moving average is $2.38.
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.
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