Short Interest in China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Decreases By 56.9%

China Mengniu Dairy Company Limited (OTCMKTS:CIADY) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 21,400 shares, a decline of 56.9% from the July 15th total of 49,600 shares. Based on an average trading volume of 53,000 shares, the days-to-cover ratio is presently 0.4 days.

China Mengniu Dairy Price Performance

OTCMKTS CIADY traded down $0.56 during mid-day trading on Wednesday, hitting $16.35. The company’s stock had a trading volume of 30,691 shares, compared to its average volume of 37,711. The company’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $20.72. China Mengniu Dairy has a twelve month low of $15.93 and a twelve month high of $35.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.86 and a current ratio of 1.05.

China Mengniu Dairy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, July 11th. Stockholders of record on Monday, June 17th were given a dividend of $0.6052 per share. The ex-dividend date of this dividend was Monday, June 17th. This is a boost from China Mengniu Dairy’s previous dividend of $0.53.

China Mengniu Dairy Company Profile

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.