Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,115,308 shares, a drop of 55.4% from the July 15th total of 2,501,161 shares. Based on an average daily trading volume, of 699 shares, the days-to-cover ratio is presently 1,595.6 days.
Li Ning Stock Performance
OTCMKTS:LNNGF remained flat at $1.65 during trading hours on Monday. Li Ning has a 12 month low of $1.65 and a 12 month high of $2.85. The firm has a fifty day simple moving average of $1.95 and a 200-day simple moving average of $2.34.
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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