Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Declines By 44.6%

Li Ning Co. (OTCMKTS:LNNGY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,667 shares, a decrease of 44.6% from the July 30th total of 4,811 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,162 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Li Ning Price Performance

Shares of Li Ning stock traded down $0.12 during trading on Monday, hitting $43.37. 18,335 shares of the stock traded hands, compared to its average volume of 9,692. Li Ning has a 52 week low of $41.59 and a 52 week high of $74.18. The firm’s fifty day moving average is $46.80 and its 200-day moving average is $58.15.

Li Ning Company Profile

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.