Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 1,463,092 shares, a drop of 34.3% from the November 30th total of 2,228,061 shares. Based on an average trading volume of 23 shares, the days-to-cover ratio is presently 63,612.7 days. Based on an average trading volume of 23 shares, the days-to-cover ratio is presently 63,612.7 days.
Li Ning Stock Performance
Shares of Li Ning stock opened at $2.40 on Monday. Li Ning has a 52-week low of $1.53 and a 52-week high of $2.60. The company has a 50 day moving average of $2.19 and a 200 day moving average of $2.16.
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.
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