Li Ning Company Limited (OTCMKTS:LNNGY) Sees Large Drop in Short Interest

Li Ning Company Limited (OTCMKTS:LNNGY) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a decline of 95.5% from the January 31st total of 2,200 shares. Based on an average daily volume of 15,100 shares, the short-interest ratio is presently 0.0 days.

Li Ning Stock Performance

Li Ning stock traded up $0.56 during midday trading on Thursday, reaching $56.20. 4,855 shares of the stock were exchanged, compared to its average volume of 13,557. The company’s fifty day moving average is $51.80 and its 200-day moving average is $51.19. Li Ning has a 52 week low of $39.26 and a 52 week high of $79.28.

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.