Li Ning Co. (OTCMKTS:LNNGY) Short Interest Up 94.6% in December

Li Ning Co. (OTCMKTS:LNNGY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 9,887 shares, an increase of 94.6% from the December 15th total of 5,080 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,590 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 7,590 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are sold short.

Li Ning Trading Up 1.7%

Li Ning stock traded up $1.04 during midday trading on Thursday, hitting $62.74. The stock had a trading volume of 1,891 shares, compared to its average volume of 3,059. Li Ning has a 52-week low of $42.13 and a 52-week high of $65.90. The firm’s fifty day moving average is $58.53 and its two-hundred day moving average is $56.74.

Analyst Upgrades and Downgrades

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

Li Ning Company Profile

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.