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

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

China Mengniu Dairy Price Performance

OTCMKTS:CIADY traded down $0.48 during trading hours on Wednesday, hitting $15.14. 20,893 shares of the stock were exchanged, compared to its average volume of 39,406. The firm’s fifty day moving average price is $17.33 and its 200 day moving average price is $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 current ratio of 1.05 and a quick ratio of 0.86.

China Mengniu Dairy Increases Dividend

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