Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Down 32.4% in April
Li Ning Company Limited (OTCMKTS: LNNGF – Get a rating) benefited from a sharp fall in short-term interest rates during the month of April. As of April 30, there was short interest totaling 419,700 shares, down 32.4% from the April 15 total of 620,800 shares. Based on an average daily trading volume of 4,100 shares, the short-term interest rate ratio is currently 102.4 days.
OTCMKTS: LNNGF remained stable at $7.23 on Friday. Li Ning has a 12 month low of $6.55 and a 12 month high of $13.72. The company’s fifty-day moving average price is $7.91 and its 200-day moving average price is $9.72.
About Li Ning (Get a rating)
Li Ning Company Limited is engaged 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 footwear, apparel, equipment and accessories for work and leisure purposes, primarily under the LI-NING brand.
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