Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Rises By 50.1%

Li Ning Co. (OTCMKTS:LNNGY) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 5,584 shares, an increase of 50.1% from the February 12th total of 3,719 shares. Based on an average daily volume of 9,660 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 9,660 shares, the short-interest ratio is currently 0.6 days.

Li Ning Trading Up 0.6%

OTCMKTS:LNNGY opened at $61.85 on Friday. Li Ning has a 12-month low of $42.13 and a 12-month high of $74.18. The stock has a fifty day moving average price of $66.70 and a 200 day moving average price of $60.56.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.