Li Ning Co. (OTCMKTS:LNNGY) Sees Significant Growth in Short Interest

Li Ning Co. (OTCMKTS:LNNGY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 5,135 shares, a growth of 1,504.7% from the June 30th total of 320 shares. Based on an average daily trading volume, of 41,064 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Li Ning Price Performance

OTCMKTS:LNNGY opened at $46.18 on Friday. Li Ning has a twelve month low of $45.03 and a twelve month high of $74.18. The company’s 50 day moving average is $52.22 and its two-hundred day moving average is $61.57.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Li Ning from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.