Li Ning Co. (OTCMKTS:LNNGY) Sees Significant Increase in Short Interest

Li Ning Co. (OTCMKTS:LNNGY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 5,584 shares, an increase of 50.1% from the February 12th total of 3,719 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 9,660 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 9,660 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Li Ning Price Performance

Shares of OTCMKTS LNNGY opened at $61.85 on Monday. The stock has a 50 day moving average price of $66.70 and a 200 day moving average price of $60.53. Li Ning has a 52 week low of $42.13 and a 52 week high of $74.18.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.