Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Decreases By 57.6%

Li Ning Co. (OTCMKTS:LNNGY) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 362 shares, a decline of 57.6% from the April 15th total of 853 shares. Based on an average daily trading volume, of 9,186 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

LNNGY has been the subject of a number of research reports. Zacks Research raised Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. The Goldman Sachs Group raised Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Li Ning Trading Down 2.2%

Shares of OTCMKTS LNNGY traded down $1.36 during trading on Friday, reaching $59.75. The stock had a trading volume of 6,063 shares, compared to its average volume of 5,537. Li Ning has a fifty-two week low of $45.58 and a fifty-two week high of $74.18. The business’s 50-day moving average price is $66.10 and its 200-day moving average price is $63.31.

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.