Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a large 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 Down 2.7%
Shares of LNNGF stock traded down $0.05 on Friday, reaching $1.80. The stock had a trading volume of 500 shares, compared to its average volume of 2,650. Li Ning has a 12 month low of $1.65 and a 12 month high of $2.85. The firm’s 50-day moving average is $1.81 and its two-hundred day moving average is $2.21.
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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