Li Ning Co. (OTCMKTS:LNNGY) Stock Short Interest Report for October

Li Ning Co. (OTCMKTS:LNNGY) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 19,075 shares, a growth of 431.0% from the October 15th total of 3,592 shares. Based on an average daily trading volume, of 34,303 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

Li Ning Price Performance

Shares of OTCMKTS LNNGY traded up $1.27 during midday trading on Wednesday, hitting $49.92. 2,631 shares of the stock traded hands, compared to its average volume of 13,388. Li Ning has a one year low of $37.49 and a one year high of $74.18. The firm has a 50-day moving average of $41.91 and a two-hundred day moving average of $54.48.

About Li Ning

Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by former Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and accessories. Its products serve sports and activities including running, basketball, badminton and training, as well as the broader sportswear market. The company sells under the Li-Ning brand through retail stores, e-commerce and other distribution channels. Li Ning is based in China, its primary market, and also serves customers in international markets.