Li Ning Co. (OTCMKTS:LNNGY) Short Interest Up 50.1% in February

Li Ning Co. (OTCMKTS:LNNGY) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 5,584 shares, a growth of 50.1% from the February 12th total of 3,719 shares. Based on an average trading volume of 9,660 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 9,660 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Li Ning has an average rating of “Sell”.

Li Ning Stock Up 0.6%

Shares of OTCMKTS LNNGY opened at $61.85 on Friday. The business has a 50-day moving average of $66.70 and a two-hundred day moving average of $60.56. Li Ning has a 1 year low of $42.13 and a 1 year high of $74.18.

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.