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

Li Ning Co. (OTCMKTS:LNNGY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,145 shares, a growth of 37.1% from the November 30th total of 3,753 shares. Based on an average daily volume of 7,830 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,830 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Li Ning Trading Down 0.8%

Shares of OTCMKTS:LNNGY traded down $0.49 during trading hours on Wednesday, reaching $59.89. The stock had a trading volume of 866 shares, compared to its average volume of 9,622. Li Ning has a 1 year low of $42.13 and a 1 year high of $65.90. The firm’s 50 day moving average is $57.13 and its 200-day moving average is $55.90.

Li Ning Company Profile

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.