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 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 short sold. Based on an average trading volume of 34,303 shares, the days-to-cover ratio is presently 0.6 days.

Li Ning Stock Performance

Li Ning stock traded up $0.07 during midday trading on Thursday, reaching $49.15. The stock had a trading volume of 3,714 shares, compared to its average volume of 13,683. Li Ning has a 12 month low of $37.49 and a 12 month high of $74.18. The company has a fifty day moving average price of $42.04 and a two-hundred day moving average price of $54.38.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.