Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Update

Li Ning Company Limited (OTCMKTS:LNNGF) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 1,985,000 shares, a drop of 89.6% from the May 31st total of 19,175,700 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 945.2 days.

Li Ning Stock Performance

LNNGF remained flat at $2.24 during midday trading on Friday. Li Ning has a 52-week low of $1.99 and a 52-week high of $5.95. The business’s fifty day simple moving average is $2.59 and its 200 day simple moving average is $2.51.

About Li Ning

Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.