Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Declines By 78.2%

Li Ning Co. (OTCMKTS:LNNGY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 320 shares, a decline of 78.2% from the June 15th total of 1,468 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 29,682 shares, the short-interest ratio is presently 0.0 days.

Li Ning Price Performance

Shares of OTCMKTS LNNGY traded up $0.90 during trading on Friday, reaching $46.85. The stock had a trading volume of 14,127 shares, compared to its average volume of 13,729. Li Ning has a one year low of $45.03 and a one year high of $74.18. The firm’s 50 day moving average price is $55.24 and its two-hundred day moving average price is $62.51.

Wall Street Analyst Weigh In

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

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.