Li Ning Co. (OTCMKTS:LNNGY) Short Interest Update

Key Points

• Short interest jumped 68.3% to 8,695 shares as of March 31, but the short-interest ratio is only 0.8 days and MarketBeat reports 0.0% of shares currently shorted, indicating overall short exposure remains minimal.
• Analysts have grown more positive: Goldman Sachs upgraded Li Ning to a Strong Buy from Hold and Zacks moved to Hold, leaving an average MarketBeat rating of Buy.
• Shares traded down to $71.05 but remain close to the 12‑month high of $74.18 and are trading above the 50‑day ($68.18) and 200‑day ($61.83) moving averages.

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 8,695 shares, an increase of 68.3% from the March 15th total of 5,166 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 10,534 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LNNGY shares. The Goldman Sachs Group upgraded shares of Li Ning from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 22nd. Zacks Research upgraded shares of Li Ning from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy".

Li Ning Stock Performance

Shares of LNNGY stock traded down $2.29 on Monday, reaching $71.05. 1,464 shares of the stock were exchanged, compared to its average volume of 5,434. The business's 50 day moving average price is $68.18 and its 200 day moving average price is $61.83. Li Ning has a twelve month low of $45.22 and a twelve month high of $74.18.

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.

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