Li Ning Company Limited (OTCMKTS:LNNGF) Sees Significant Increase in Short Interest

Li Ning Company Limited (OTCMKTS:LNNGF) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 4,429,021 shares, an increase of 87.3% from the December 31st total of 2,364,406 shares. Based on an average daily trading volume, of 17 shares, the short-interest ratio is currently 260,530.6 days. Based on an average daily trading volume, of 17 shares, the short-interest ratio is currently 260,530.6 days.

Li Ning Stock Performance

LNNGF opened at $2.60 on Friday. Li Ning has a 1-year low of $1.53 and a 1-year high of $2.60. The firm has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $2.25.

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.