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

Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 29 shares, a drop of 77.0% from the May 14th total of 126 shares. Based on an average daily volume of 14,742 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

LNNGY has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of Li Ning from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 22nd. Zacks Research lowered Li Ning from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Li Ning presently has an average rating of “Buy”.

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Li Ning Stock Down 0.2%

OTCMKTS LNNGY traded down $0.12 on Thursday, hitting $56.31. 10,742 shares of the stock were exchanged, compared to its average volume of 8,978. The stock has a fifty day moving average price of $63.00 and a two-hundred day moving average price of $63.66. Li Ning has a 52-week low of $46.54 and a 52-week high of $74.18.

About Li Ning

(Get Free Report)

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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