Li Ning Company Limited (OTCMKTS:LNNGY) Short Interest Up 1,333.3% in March

Li Ning Company Limited (OTCMKTS:LNNGY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 4,300 shares, an increase of 1,333.3% from the February 28th total of 300 shares. Based on an average daily trading volume, of 21,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Li Ning Stock Performance

LNNGY stock traded down $0.58 during midday trading on Thursday, hitting $54.03. The company’s stock had a trading volume of 2,948 shares, compared to its average volume of 12,445. The firm has a 50-day simple moving average of $54.00 and a 200-day simple moving average of $52.85. 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.