Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Up 87.3% in January

Li Ning Company Limited (OTCMKTS:LNNGF) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 4,429,021 shares, a growth of 87.3% from the December 31st total of 2,364,406 shares. Based on an average daily trading volume, of 17 shares, the short-interest ratio is presently 260,530.6 days. Based on an average daily trading volume, of 17 shares, the short-interest ratio is presently 260,530.6 days.

Li Ning Stock Performance

LNNGF stock remained flat at $2.60 during trading on Friday. Li Ning has a 1 year low of $1.53 and a 1 year high of $2.60. The stock has a 50 day simple moving average of $2.36 and a 200-day simple moving average of $2.25.

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.