China Mengniu Dairy (OTCMKTS:CIADY) Sees Large Drop in Short Interest

China Mengniu Dairy (OTCMKTS:CIADY) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 4 shares, a drop of 99.8% from the June 15th total of 1,728 shares. Based on an average daily volume of 10,490 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

China Mengniu Dairy Trading Down 1.6%

Shares of CIADY traded down $0.36 during midday trading on Friday, reaching $21.79. The stock had a trading volume of 1,653 shares, compared to its average volume of 4,443. The company’s 50-day moving average is $21.40 and its 200 day moving average is $21.05. China Mengniu Dairy has a 12-month low of $17.81 and a 12-month high of $24.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.87.

China Mengniu Dairy Company Profile

China Mengniu Dairy Company Limited is one of the largest dairy product manufacturers in China, founded in 1999 and headquartered in Hohhot, Inner Mongolia. The company focuses on the production, processing and sale of a wide range of dairy products, leveraging modern dairy farming practices and vertically integrated operations to maintain quality and food safety standards.

Its product portfolio includes fresh liquid milk, UHT milk, yogurt, ice cream, milk powder and cheese, marketed under well-known brands such as Mengniu, Ambrosial and Yashili (in select segments).