Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,501,161 shares, a decrease of 38.7% from the June 30th total of 4,077,199 shares. Based on an average daily trading volume, of 17 shares, the days-to-cover ratio is currently 147,127.1 days.
Li Ning Price Performance
Shares of OTCMKTS:LNNGF remained flat at $2.00 during midday trading on Friday. 2,000 shares of the stock traded hands, compared to its average volume of 3,006. The company’s 50-day moving average price is $2.01 and its 200 day moving average price is $2.39. Li Ning has a 1-year low of $1.75 and a 1-year 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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