Li Ning Co. (OTCMKTS:LNNGY) Sees Large Increase in Short Interest

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

Li Ning Stock Down 0.3%

Shares of Li Ning stock traded down $0.18 on Tuesday, reaching $60.43. 1,074 shares of the company traded hands, compared to its average volume of 9,654. The company has a 50 day moving average of $57.04 and a 200 day moving average of $55.82. Li Ning has a 52 week low of $42.13 and a 52 week high of $65.90.

Wall Street Analysts Forecast Growth

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

About Li Ning

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.