Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 11,888,315 shares, a drop of 57.7% from the April 30th total of 28,100,410 shares. Based on an average daily trading volume, of 296 shares, the short-interest ratio is presently 40,163.2 days.
Li Ning Price Performance
OTCMKTS LNNGF remained flat at $2.05 during trading on Monday. Li Ning has a 12-month low of $1.84 and a 12-month high of $2.85. The company’s fifty day moving average is $2.47 and its 200 day moving average is $2.46.
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.
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