Li Ning Company Limited (OTCMKTS:LNNGY) Sees Significant Decline in Short Interest

Li Ning Company Limited (OTCMKTS:LNNGY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 5,000 shares, a drop of 63.8% from the November 30th total of 13,800 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is currently 0.2 days.

Li Ning Stock Down 1.9 %

Shares of OTCMKTS LNNGY traded down $0.03 during mid-day trading on Thursday, reaching $54.37. The company had a trading volume of 2,608 shares, compared to its average volume of 13,642. Li Ning has a one year low of $39.26 and a one year high of $79.28. The business’s 50-day simple moving average is $52.54 and its 200 day simple moving average is $51.17.

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.