Li Ning Company Limited (OTCMKTS:LNNGY) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 200 shares, a decrease of 81.8% from the March 15th total of 1,100 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is currently 0.4 days.
Shares of LNNGY remained flat at $$175.30 during midday trading on Wednesday. 12 shares of the company’s stock traded hands, compared to its average volume of 2,553. The firm has a 50 day simple moving average of $151.53 and a 200 day simple moving average of $148.43. Li Ning has a twelve month low of $79.00 and a twelve month high of $177.00. The stock has a market cap of $17.45 billion, a PE ratio of 80.41 and a beta of 0.80.
Separately, Zacks Investment Research lowered shares of Li Ning from a “buy” rating to a “hold” rating in a research report on Thursday, March 25th.
Li Ning Company Profile
Li Ning Company Limited engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China. The company offers sporting goods, including footwear, apparel, equipment, and accessories for professional and leisure purposes primarily under the LI-NING brand.
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