Li Ning Co. (OTCMKTS:LNNGY) Short Interest Down 78.2% in June

Li Ning Co. (OTCMKTS:LNNGY) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 320 shares, a drop of 78.2% from the June 15th total of 1,468 shares. Based on an average daily trading volume, of 29,682 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Li Ning Stock Up 2.0%

Shares of LNNGY stock traded up $0.90 during mid-day trading on Friday, reaching $46.85. The stock had a trading volume of 14,127 shares, compared to its average volume of 14,229. The business’s fifty day moving average is $55.24 and its 200-day moving average is $62.51. Li Ning has a 1-year low of $45.03 and a 1-year high of $74.18.

Analyst Upgrades and Downgrades

LNNGY has been the subject of several recent analyst reports. Zacks Research downgraded Li Ning from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. The Goldman Sachs Group raised shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.