Li Ning Co. (OTCMKTS:LNNGY) Short Interest Down 38.0% in August

Key Points

• Short interest in Li Ning Co. decreased by 38.0% in August, dropping from 5,000 shares to 3,100 shares, indicating a current short interest of 0.0% of the company's stock.
• Analyst ratings for Li Ning have been adjusted, with Zacks Research lowering its rating from "hold" to a "strong sell," contributing to a consensus rating of "Sell."
• Li Ning declared a significant dividend increase, now paying $1.1001 per share, which translates to a 287.0% dividend yield, payable on October 1st.

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,100 shares, a decline of 38.0% from the August 15th total of 5,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,300 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 4,300 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Li Ning Trading Up 2.6%

Shares of OTCMKTS LNNGY traded up $1.53 on Friday, reaching $59.33. 1,830 shares of the company traded hands, compared to its average volume of 5,384. Li Ning has a fifty-two week low of $42.13 and a fifty-two week high of $68.58. The company has a 50 day moving average of $56.61 and a 200 day moving average of $52.82.

Li Ning Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th will be paid a dividend of $1.1001 per share. This is a boost from Li Ning's previous dividend of $0.65. This represents a dividend yield of 287.0%. The ex-dividend date is Thursday, September 4th.

Analyst Ratings Changes

Separately, Zacks Research lowered Li Ning from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Li Ning currently has a consensus rating of "Sell".

About Li Ning

Li Ning Company Limited, a sports brand company, 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 professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.