Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 4,077,199 shares, a decline of 58.1% from the June 15th total of 9,723,128 shares. Based on an average trading volume of 1,464 shares, the short-interest ratio is currently 2,785.0 days.
Li Ning Stock Performance
LNNGF stock remained flat at $1.75 during trading hours on Wednesday. The company’s stock had a trading volume of 10 shares, compared to its average volume of 3,196. The firm’s 50 day simple moving average is $2.16 and its 200-day simple moving average is $2.43. Li Ning has a 52-week low of $1.75 and a 52-week high of $2.85.
About Li Ning
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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