Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Increases By 4,962.1%

Li Ning Co. (OTCMKTS:LNNGY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,468 shares, a growth of 4,962.1% from the May 31st total of 29 shares. Based on an average daily trading volume, of 21,747 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Li Ning Price Performance

OTCMKTS LNNGY opened at $47.76 on Friday. The company’s 50 day moving average is $59.24 and its 200-day moving average is $63.33. Li Ning has a 12-month low of $46.24 and a 12-month high of $74.18.

Analyst Ratings Changes

LNNGY has been the topic of a number of recent research reports. Zacks Research cut Li Ning from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. The Goldman Sachs Group raised Li Ning from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

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.