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

Li Ning Co. (OTCMKTS:LNNGY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 22,690 shares, an increase of 555.4% from the August 31st total of 3,462 shares. Based on an average daily trading volume, of 59,294 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Li Ning Stock Down 0.2%

LNNGY opened at $39.14 on Friday. Li Ning has a one year low of $37.49 and a one year high of $74.18. The business has a 50 day simple moving average of $44.25 and a two-hundred day simple moving average of $54.29.

Li Ning Company Profile

Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. Headquartered in Beijing, the company develops, manufactures, markets and sells products under the Li-Ning brand, including athletic footwear, apparel, accessories and sports equipment.

The company serves consumers through retail stores, distributors, e-commerce platforms and other sales channels. Its product portfolio is designed for sports and lifestyle use, with offerings associated with activities such as basketball, running, training, badminton and table tennis.