Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 5,135 shares, an increase of 1,504.7% from the June 30th total of 320 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 41,064 shares, the short-interest ratio is presently 0.1 days.
Li Ning Stock Performance
Shares of OTCMKTS LNNGY traded down $0.81 during midday trading on Friday, hitting $46.18. The stock had a trading volume of 8,999 shares, compared to its average volume of 17,359. The stock has a 50 day simple moving average of $52.22 and a 200-day simple moving average of $61.57. Li Ning has a 1 year low of $45.03 and a 1 year high of $74.18.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Li Ning currently has a consensus rating of “Moderate Buy”.
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.
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