China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Sees Large Decline in Short Interest

China Mengniu Dairy Company Limited (OTCMKTS:CIADY) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,900 shares, a drop of 20.8% from the May 31st total of 2,400 shares. Based on an average trading volume of 55,400 shares, the short-interest ratio is currently 0.0 days.

China Mengniu Dairy Price Performance

Shares of CIADY stock traded up $0.23 during trading hours on Monday, hitting $18.00. 30,204 shares of the company’s stock traded hands, compared to its average volume of 38,552. The stock’s 50 day simple moving average is $19.48 and its 200 day simple moving average is $22.20. China Mengniu Dairy has a 12 month low of $16.29 and a 12 month high of $38.98.

China Mengniu Dairy Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 11th. Investors of record on Monday, June 17th will be paid a dividend of $0.6052 per share. The ex-dividend date is Monday, June 17th. This is an increase from China Mengniu Dairy’s previous dividend of $0.53.

About China Mengniu Dairy

China Mengniu Dairy Company Limited, an investment holding company, engages in the manufacture and distribution of dairy products under the MENGNIU brand in the People's Republic of China and internationally. It operates through Liquid Milk Business, Ice Cream Business, Milk Formula Business, and Cheese Business, and Other segments.