Li Ning Co. (OTCMKTS:LNNGY) Stock Short Interest Report for September

Li Ning Co. (OTCMKTS:LNNGY) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 9,086 shares, a decline of 60.0% from the September 15th total of 22,690 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 67,672 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Li Ning Price Performance

Shares of OTCMKTS LNNGY traded up $0.85 during midday trading on Thursday, reaching $40.95. The company’s stock had a trading volume of 27,225 shares, compared to its average volume of 12,843. Li Ning has a 12-month low of $37.49 and a 12-month high of $74.18. The firm has a 50 day moving average price of $42.29 and a 200-day moving average price of $51.85.

Li Ning Company Profile

Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and related accessories under the Li-Ning brand.

Its product portfolio serves a range of sports, including basketball, running, training, badminton and table tennis. Li Ning distributes its products through retail stores, e-commerce platforms and other sales channels, primarily in China, while also serving selected international markets.

The company is headquartered in Beijing and has expanded its brand through product innovation, sponsorships and partnerships with athletes and sporting events.