Li Ning Co. (OTCMKTS:LNNGY) Stock Short Interest Drops 60.5%

Li Ning Co. (OTCMKTS:LNNGY) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,592 shares, a decrease of 60.5% from the September 30th total of 9,086 shares. Based on an average daily volume of 43,060 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Li Ning Stock Down 0.5%

Shares of OTCMKTS LNNGY opened at $42.61 on Friday. Li Ning has a 12 month low of $37.49 and a 12 month high of $74.18. The business has a fifty day simple moving average of $41.38 and a 200-day simple moving average of $55.20.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Li Ning

Li Ning Co, Ltd. is a Chinese sporting goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells sportswear and athletic equipment under the Li-Ning brand.

Its product range includes athletic and lifestyle footwear, apparel and accessories, as well as equipment for sports such as basketball, badminton, table tennis and running. The company also operates the Li-Ning Young children’s sportswear business and has developed additional brands and product lines serving different segments of the sports and fashion markets.

Li Ning primarily serves consumers in mainland China through retail stores, distributors and online channels, while also pursuing international sales and brand development.