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

Li Ning Co. (OTCMKTS:LNNGY) was the recipient of a significant increase in short interest during the month of 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 short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several research firms have recently commented on LNNGY. Zacks Research downgraded Li Ning from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. The Goldman Sachs Group upgraded Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. One investment 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 stock presently has an average rating of “Buy”.

Li Ning Price Performance

LNNGY stock opened at $47.94 on Friday. The company’s 50-day moving average price is $58.85 and its two-hundred day moving average price is $63.23. Li Ning has a 12 month low of $45.71 and a 12 month high of $74.18.

About Li Ning

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.