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

Li Ning Co. (OTCMKTS:LNNGY) saw a significant growth in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,303 shares, the short-interest ratio is currently 0.6 days.

Li Ning Trading Up 2.6%

Li Ning stock traded up $1.27 during midday trading on Wednesday, reaching $49.92. The company’s stock had a trading volume of 2,631 shares, compared to its average volume of 13,388. The stock’s 50-day simple moving average is $41.91 and its 200-day simple moving average is $54.48. Li Ning has a 52-week low of $37.49 and a 52-week high of $74.18.

Analyst Ratings Changes

Separately, Zacks Research upgraded Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, November 2nd. One 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 company currently has an average rating of “Buy”.

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.