Short Interest in Li Ning Company Limited (OTCMKTS:LNNGY) Decreases By 79.8%

Li Ning Company Limited (OTCMKTS:LNNGY - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,900 shares, a decline of 79.8% from the September 30th total of 9,400 shares. Based on an average trading volume of 27,000 shares, the short-interest ratio is presently 0.1 days.

Li Ning Stock Performance

OTCMKTS LNNGY traded up $1.26 on Friday, hitting $50.54. 4,980 shares of the company's stock traded hands, compared to its average volume of 14,457. Li Ning has a 1-year low of $39.26 and a 1-year high of $89.30. The firm's 50-day moving average price is $49.92 and its two-hundred day moving average price is $55.30.

Li Ning Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 26th. Investors of record on Friday, August 30th were paid a $1.2516 dividend. This is a boost from Li Ning's previous dividend of $0.57. The ex-dividend date was 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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