Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,592 shares, a decline of 60.5% from the September 30th total of 9,086 shares. Based on an average trading volume of 43,060 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Li Ning Price Performance
LNNGY stock opened at $42.83 on Thursday. Li Ning has a 12 month low of $37.49 and a 12 month high of $74.18. The company’s 50-day moving average price is $41.44 and its two-hundred day moving average price is $55.30.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Li Ning
Li Ning Company Profile
Li Ning Co, Ltd. is a Chinese sporting goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells sportswear and athletic equipment under the Li-Ning brand.
Its product range includes athletic and lifestyle footwear, apparel and accessories, as well as equipment for sports such as basketball, badminton, table tennis and running. The company also operates the Li-Ning Young children’s sportswear business and has developed additional brands and product lines serving different segments of the sports and fashion markets.
Li Ning primarily serves consumers in mainland China through retail stores, distributors and online channels, while also pursuing international sales and brand development.
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