Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Rises By 94.6%

Li Ning Co. (OTCMKTS:LNNGY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,887 shares, a growth of 94.6% from the December 15th total of 5,080 shares. Based on an average daily volume of 7,590 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,590 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Li Ning Trading Up 1.7%

LNNGY stock traded up $1.04 on Thursday, hitting $62.74. The company had a trading volume of 1,891 shares, compared to its average volume of 3,059. Li Ning has a 12-month low of $42.13 and a 12-month high of $65.90. The stock’s 50-day simple moving average is $58.53 and its 200 day simple moving average is $56.74.

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.