Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,293,855 shares, a growth of 1,022.0% from the August 15th total of 382,681 shares. Based on an average daily volume of 219 shares, the short-interest ratio is presently 19,606.6 days.
Li Ning Stock Performance
Shares of OTCMKTS:LNNGF remained flat at $1.85 during midday trading on Friday. 37 shares of the company traded hands, compared to its average volume of 2,706. The business has a 50 day moving average of $1.80 and a 200-day moving average of $2.21. Li Ning has a twelve month low of $1.65 and a twelve month high of $2.85.
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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