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

Li Ning Company Limited (OTCMKTS:LNNGFGet Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 1,463,092 shares, a decrease 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 Stock Performance

OTCMKTS:LNNGF opened at $2.35 on Wednesday. The firm has a 50-day simple moving average of $2.20 and a 200-day simple moving average of $2.17. Li Ning has a one year low of $1.53 and a one year high of $2.60.

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

Receive News & Ratings for Li Ning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Ning and related companies with MarketBeat.com's FREE daily email newsletter.