Li Ning Co. (OTCMKTS:LNNGY) Shares Shorted: Short Interest Down 60.0% in September

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

Li Ning Trading Down 0.5%

LNNGY opened at $40.00 on Tuesday. The firm’s fifty day moving average price is $42.56 and its two-hundred day moving average price is $52.26. Li Ning has a fifty-two week low of $37.49 and a fifty-two week high of $74.18.

Analyst Ratings Changes

Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.