Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,667 shares, a drop of 44.6% from the July 30th total of 4,811 shares. Based on an average daily volume of 18,162 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Li Ning Trading Up 0.5%
OTCMKTS LNNGY traded up $0.22 during trading hours on Friday, hitting $43.49. 13,392 shares of the company were exchanged, compared to its average volume of 19,249. The stock has a 50-day moving average price of $46.80 and a 200 day moving average price of $58.23. Li Ning has a 52 week low of $41.59 and a 52 week high of $74.18.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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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