Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a significant decrease in short interest in 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 trading volume of 17 shares, the short-interest ratio is currently 147,127.1 days.
Li Ning Stock Performance
OTCMKTS LNNGF traded up $0.05 during trading hours on Thursday, reaching $2.00. 2,000 shares of the company were exchanged, compared to its average volume of 3,039. The business’s 50 day simple moving average is $2.02 and its 200-day simple moving average is $2.39. Li Ning has a 1 year low of $1.75 and a 1 year high of $2.85.
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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