Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Increases By 4,962.1%

Li Ning Co. (OTCMKTS:LNNGY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,468 shares, an increase of 4,962.1% from the May 31st total of 29 shares. Based on an average daily volume of 21,747 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 22nd. Zacks Research lowered shares of Li Ning from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. One 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 company currently has an average rating of “Buy”.

Li Ning Trading Up 0.6%

LNNGY traded up $0.28 during trading on Thursday, hitting $47.76. 12,411 shares of the stock were exchanged, compared to its average volume of 10,970. Li Ning has a 1-year low of $46.24 and a 1-year high of $74.18. The stock has a fifty day moving average price of $59.24 and a two-hundred day moving average price of $63.33.

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.