Li Ning Company Limited (OTCMKTS:LNNGY) Sees Large Drop in Short Interest

Li Ning Company Limited (OTCMKTS:LNNGYGet Rating) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 100 shares, a decline of 88.9% from the April 30th total of 900 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.0 days.

Separately, Zacks Investment Research downgraded Li Ning from a “buy” rating to a “hold” rating in a report on Friday, May 20th.

Shares of LNNGY stock traded down $4.21 during trading hours on Wednesday, hitting $159.82. The stock had a trading volume of 5,761 shares, compared to its average volume of 6,133. The stock’s 50 day moving average is $194.78 and its 200 day moving average is $237.77. Li Ning has a twelve month low of $158.73 and a twelve month high of $348.89.

About Li Ning (Get Rating)

Li Ning Company Limited engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China. The company offers sporting goods, including footwear, apparel, equipment, and accessories for professional and leisure purposes primarily under the LI-NING brand.

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