Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 9,086 shares, a decline of 60.0% from the September 15th total of 22,690 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 67,672 shares, the days-to-cover ratio is currently 0.1 days.
Li Ning Stock Performance
Shares of Li Ning stock traded up $0.42 during trading on Wednesday, hitting $40.17. The stock had a trading volume of 10,459 shares, compared to its average volume of 12,722. The stock has a 50 day simple moving average of $42.43 and a 200 day simple moving average of $52.05. Li Ning has a 1 year low of $37.49 and a 1 year high of $74.18.
Analysts Set New Price Targets
Separately, Zacks Research lowered Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.
About Li Ning
Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and related accessories under the Li-Ning brand.
Its product portfolio serves a range of sports, including basketball, running, training, badminton and table tennis. Li Ning distributes its products through retail stores, e-commerce platforms and other sales channels, primarily in China, while also serving selected international markets.
The company is headquartered in Beijing and has expanded its brand through product innovation, sponsorships and partnerships with athletes and sporting events.
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