Short Interest in China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Drops By 70.1%

China Mengniu Dairy Company Limited (OTCMKTS:CIADY) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 6,400 shares, a decrease of 70.1% from the July 31st total of 21,400 shares. Based on an average trading volume of 88,500 shares, the short-interest ratio is currently 0.1 days.

China Mengniu Dairy Price Performance

OTCMKTS:CIADY traded up $0.17 during trading hours on Wednesday, reaching $15.62. 35,881 shares of the company were exchanged, compared to its average volume of 39,519. The stock has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $20.24. China Mengniu Dairy has a 52-week low of $15.06 and a 52-week 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 company also recently announced a dividend, which was paid on Thursday, July 11th. Investors of record on Monday, June 17th were given a $0.6052 dividend. This is a positive change from China Mengniu Dairy’s previous dividend of $0.53. The ex-dividend date was Monday, June 17th.

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.