Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 2,364,406 shares, an increase of 61.6% from the December 15th total of 1,463,092 shares. Based on an average trading volume of 1,821 shares, the days-to-cover ratio is presently 1,298.4 days. Based on an average trading volume of 1,821 shares, the days-to-cover ratio is presently 1,298.4 days.
Li Ning Stock Performance
Shares of OTCMKTS LNNGF opened at $2.50 on Friday. The company’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $2.21. Li Ning has a 52-week low of $1.53 and a 52-week high of $2.60.
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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