Li Ning Co. (OTCMKTS:LNNGY) Shares Shorted: Short Interest Up 431.0% in October

Li Ning Co. (OTCMKTS:LNNGY) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 19,075 shares, a growth of 431.0% from the October 15th total of 3,592 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 34,303 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Li Ning from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Li Ning Price Performance

Shares of LNNGY traded down $0.79 during trading hours on Friday, reaching $48.19. The stock had a trading volume of 1,811 shares, compared to its average volume of 13,655. Li Ning has a 52 week low of $37.49 and a 52 week high of $74.18. The firm has a 50-day moving average of $42.17 and a 200 day moving average of $54.30.

Li Ning Company Profile

Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by former Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and accessories. Its products serve sports and activities including running, basketball, badminton and training, as well as the broader sportswear market. The company sells under the Li-Ning brand through retail stores, e-commerce and other distribution channels. Li Ning is based in China, its primary market, and also serves customers in international markets.