Short Interest in Li Ning Company Limited (OTCMKTS:LNNGF) Decreases By 89.6%

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

Li Ning Price Performance

Shares of Li Ning stock remained flat at $2.24 on Friday. The company’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $2.51. Li Ning has a one year low of $1.99 and a one year high of $5.95.

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.