Li Ning Co. (OTCMKTS:LNNGY) Short Interest Up 1,504.7% in July

Li Ning Co. (OTCMKTS:LNNGY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,135 shares, a growth of 1,504.7% from the June 30th total of 320 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,064 shares, the short-interest ratio is presently 0.1 days.

Li Ning Price Performance

Shares of OTCMKTS:LNNGY traded down $0.81 during midday trading on Friday, hitting $46.18. The company had a trading volume of 8,999 shares, compared to its average volume of 17,359. Li Ning has a twelve month low of $45.03 and a twelve month high of $74.18. The business’s 50-day simple moving average is $52.22 and its 200-day simple moving average is $61.57.

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 note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate 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.