Short Interest in Li Ning Company Limited (OTCMKTS:LNNGF) Increases By 10.4%

Li Ning Company Limited (OTCMKTS:LNNGFGet Rating) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,378,500 shares, an increase of 10.4% from the August 15th total of 1,248,300 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 3,446.3 days.

Analyst Upgrades and Downgrades

Separately, KGI Securities raised Li Ning from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 27th.

Li Ning Trading Down 3.2 %

Shares of OTCMKTS:LNNGF opened at $8.66 on Monday. The business’s 50 day simple moving average is $8.66 and its two-hundred day simple moving average is $8.19. Li Ning has a 52-week low of $6.51 and a 52-week high of $13.42.

Li Ning Company Profile

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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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