Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Up 1,022.0% in August

by · The Markets Daily

Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,293,855 shares, an increase of 1,022.0% from the August 15th total of 382,681 shares. Based on an average trading volume of 219 shares, the short-interest ratio is presently 19,606.6 days.

Li Ning Price Performance

Shares of Li Ning stock remained flat at $1.85 on Thursday. The company’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $2.21. Li Ning has a one year low of $1.65 and a one year high of $2.85.

Li Ning Company Profile

(Get Free Report)

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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