Li Ning Co. (OTCMKTS:LNNGY) Short Interest Update

Li Ning Co. (OTCMKTS:LNNGY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 5,145 shares, a growth of 37.1% from the November 30th total of 3,753 shares. Based on an average daily trading volume, of 7,830 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,830 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Li Ning from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Li Ning Stock Performance

OTCMKTS LNNGY traded down $0.18 during trading hours on Tuesday, reaching $60.43. The company’s stock had a trading volume of 1,074 shares, compared to its average volume of 9,654. Li Ning has a 1-year low of $42.13 and a 1-year high of $65.90. The company’s 50-day moving average is $57.04 and its two-hundred day moving average is $55.82.

About Li Ning

Li Ning Company Limited is a leading Chinese sportswear company engaged in the design, development, manufacturing and sale of athletic and lifestyle products. The company’s portfolio includes performance footwear, apparel and accessories tailored for running, basketball, training and other fitness activities. Li Ning distributes its products through an extensive network of concept stores, franchise outlets and e-commerce platforms across China and growing markets overseas.

Founded in 1990 by Li Ning, a decorated Olympic gymnast, the company quickly gained prominence in domestic and international markets.