Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) was the target of a significant decline in short interest during the month of 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 trading volume of 9,186 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Li Ning Trading Down 2.2%
LNNGY stock opened at $59.75 on Friday. The business’s fifty day simple moving average is $66.10 and its two-hundred day simple moving average is $63.31. Li Ning has a twelve month low of $45.58 and a twelve month high of $74.18.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LNNGY. The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. Zacks Research upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Li Ning currently has an average rating of “Strong Buy”.
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.
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