Short Interest in Li Ning Co. (OTCMKTS:LNNGY) Increases By 278.3%

Li Ning Co. (OTCMKTS:LNNGY) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,719 shares, a growth of 278.3% from the January 29th total of 983 shares. Based on an average trading volume of 7,445 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 7,445 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Li Ning from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Li Ning presently has a consensus rating of “Sell”.

Li Ning Stock Down 2.1%

LNNGY traded down $1.51 during trading on Friday, reaching $71.49. 2,656 shares of the stock were exchanged, compared to its average volume of 4,029. Li Ning has a 1 year low of $42.13 and a 1 year high of $74.18. The business’s 50 day moving average price is $65.85 and its two-hundred day moving average price is $60.08.

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.