Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Update
by Tristan Rich · The Markets DailyLi Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 2,632,861 shares, a drop of 38.7% from the August 31st total of 4,293,855 shares. Based on an average daily volume of 974 shares, the short-interest ratio is currently 2,703.1 days.
Li Ning Price Performance
Shares of LNNGF remained flat at $1.60 during mid-day trading on Thursday. The stock had a trading volume of 300 shares, compared to its average volume of 2,546. The stock’s 50 day moving average is $1.76 and its 200-day moving average is $2.10. Li Ning has a 12-month low of $1.57 and a 12-month high of $2.85.
About Li Ning
Li Ning Company Limited is a China-based sporting goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel and sports equipment under the Li-Ning brand, serving consumers across a range of sports and lifestyle categories.
Its product portfolio includes running shoes, basketball footwear, training and outdoor products, sportswear, accessories and equipment. Li Ning distributes its products through retail stores, wholesale partners, e-commerce platforms and other direct-to-consumer channels, with China as its primary market.
The company has expanded its presence beyond mainland China through international distribution and selected overseas retail activities.