Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Update

Li Ning Company Limited (OTCMKTS:LNNGF) was the target of a significant increase in short interest during the month of 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 trading volume of 200 shares, the days-to-cover ratio is presently 37,228.3 days.

Li Ning Price Performance

Shares of LNNGF opened at $2.55 on Friday. Li Ning has a one year low of $1.53 and a one year high of $2.85. The stock has a 50-day moving average price of $2.64 and a 200 day moving average price of $2.37.

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.