Li Ning Co. (OTCMKTS:LNNGY) Stock Short Interest Report for September

Li Ning Co. (OTCMKTS:LNNGY) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,086 shares, a drop of 60.0% from the September 15th total of 22,690 shares. Based on an average daily volume of 67,672 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Li Ning Stock Performance

Shares of OTCMKTS LNNGY opened at $40.00 on Tuesday. Li Ning has a fifty-two week low of $37.49 and a fifty-two week high of $74.18. The company’s 50 day simple moving average is $42.56 and its 200 day simple moving average is $52.26.

Analyst Ratings Changes

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

Li Ning Company Profile

Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and related accessories under the Li-Ning brand.

Its product portfolio serves a range of sports, including basketball, running, training, badminton and table tennis. Li Ning distributes its products through retail stores, e-commerce platforms and other sales channels, primarily in China, while also serving selected international markets.

The company is headquartered in Beijing and has expanded its brand through product innovation, sponsorships and partnerships with athletes and sporting events.