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

Li Ning Co. (OTCMKTS:LNNGY) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 3,719 shares, an increase of 278.3% from the January 29th total of 983 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 7,445 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 7,445 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Li Ning from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Li Ning Trading Down 0.4%

Shares of Li Ning stock traded down $0.30 during trading hours on Thursday, reaching $72.46. 4,011 shares of the company’s stock were exchanged, compared to its average volume of 3,303. The company has a 50 day moving average of $65.42 and a two-hundred day moving average of $59.87. Li Ning has a fifty-two week low of $42.13 and a fifty-two week high of $73.82.

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.