Li Ning Company Limited (OTCMKTS:LNNGY – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 29,100 shares, a decline of 21.6% from the August 15th total of 37,100 shares. Based on an average trading volume of 29,400 shares, the short-interest ratio is presently 1.0 days.
Li Ning Price Performance
Shares of OTCMKTS LNNGY traded down $0.10 during trading on Friday, hitting $41.68. 17,427 shares of the company traded hands, compared to its average volume of 13,526. The business’s fifty day moving average is $45.83 and its 200 day moving average is $57.56. Li Ning has a fifty-two week low of $39.26 and a fifty-two week high of $117.70.
Li Ning Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 30th will be paid a dividend of $1.2516 per share. This is an increase from Li Ning’s previous dividend of $0.57. The ex-dividend date is Friday, August 30th.
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.
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