Li Ning Company Limited Sees Significant Drop in Short Interest

Li Ning Company Limited (OTCMKTS:LNNGY) experienced a notable reduction in short interest throughout January. By January 31st, the total short interest stood at 2,200 shares, marking a significant drop of 68.1% from the 6,900 shares recorded on January 15th. Given the average trading volume of 24,000 shares, the current short-interest ratio is calculated at 0.1 days.

Li Ning Stock Performance

On Wednesday, shares of LNNGY increased by 0.9%, rising by $0.48 to reach $51.29. During this trading session, a total of 4,537 shares changed hands, which is compared to the average trading volume of 15,619 shares. The stock's 50-day moving average is currently at $52.08, while the two-hundred day moving average stands at $50.59. Over the past year, Li Ning has recorded a low of $39.26 and a high of $79.28.

About Li Ning

Li Ning Company Limited specializes in various aspects of the sports brand industry, focusing on the research and development, design, manufacture, marketing, distribution, and retail of sporting goods within the People's Republic of China. The company offers a wide range of products including professional and leisure footwear, apparel, equipment, and accessories, all marketed under the LI-NING brand.

Investment Considerations

Before considering an investment in Li Ning, it is crucial to review various market insights. Analysts have categorized Li Ning with a "Hold" rating at present, suggesting it might not be the optimal choice among available stocks.

Market Analysis Tips

Investors should continuously keep themselves informed about stock performance and market trends. It is advisable to analyze not only the individual stock performance but also broader market indicators that might influence decisions.

LiNing, Stocks, Investment