Short Interest in Li Ning Company Limited (OTCMKTS:LNNGF) Drops By 50.8%

Li Ning Company Limited (OTCMKTS:LNNGF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 4,310,200 shares, a drop of 50.8% from the September 30th total of 8,754,700 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 10,775.5 days.

Li Ning Stock Performance

Li Ning stock remained flat at $2.33 during midday trading on Friday. Li Ning has a 12-month low of $1.62 and a 12-month high of $4.51. The business’s fifty day moving average is $1.99 and its two-hundred day moving average is $2.24.

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.