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

Li Ning Co. (OTCMKTS:LNNGY) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 320 shares, a decline of 78.2% from the June 15th total of 1,468 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,682 shares, the days-to-cover ratio is presently 0.0 days.

Li Ning Price Performance

Shares of Li Ning stock traded down $0.11 during trading hours on Monday, reaching $46.74. 9,262 shares of the company’s stock were exchanged, compared to its average volume of 7,434. The business has a fifty day moving average of $55.24 and a two-hundred day moving average of $62.51. Li Ning has a 1 year low of $45.03 and a 1 year high of $74.18.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LNNGY shares. Zacks Research lowered Li Ning from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Li Ning currently has a consensus rating of “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.