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

Li Ning Co. (OTCMKTS:LNNGY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,468 shares, an increase of 4,962.1% from the May 31st total of 29 shares. Based on an average daily trading volume, of 21,747 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Zacks Research cut shares of Li Ning from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Li Ning Stock Up 0.6%

Li Ning stock traded up $0.28 during midday trading on Thursday, reaching $47.76. The company’s stock had a trading volume of 12,411 shares, compared to its average volume of 10,970. The business has a 50-day simple moving average of $59.24 and a 200-day simple moving average of $63.33. Li Ning has a fifty-two week low of $46.24 and a fifty-two week high of $74.18.

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.