China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Sees Significant Growth in Short Interest

China Mengniu Dairy Company Limited (OTCMKTS:CIADY) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 25,100 shares, an increase of 1,221.1% from the June 15th total of 1,900 shares. Based on an average daily volume of 94,800 shares, the short-interest ratio is presently 0.3 days.

China Mengniu Dairy Trading Up 1.5 %

Shares of CIADY traded up $0.27 during trading hours on Thursday, reaching $17.80. 47,212 shares of the company traded hands, compared to its average volume of 38,444. The company’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $21.83. China Mengniu Dairy has a 12 month low of $16.29 and a 12 month high of $38.17.

China Mengniu Dairy Increases Dividend

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

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.