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

China Mengniu Dairy Company Limited (OTCMKTS:CIADY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 1,300 shares, a drop of 92.9% from the November 30th total of 18,200 shares. Based on an average daily trading volume, of 23,400 shares, the short-interest ratio is presently 0.1 days.

China Mengniu Dairy Stock Performance

Shares of OTCMKTS CIADY traded down $0.91 during mid-day trading on Friday, reaching $22.30. 4,938 shares of the company’s stock traded hands, compared to its average volume of 30,441. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.47. China Mengniu Dairy has a 1-year low of $15.06 and a 1-year high of $29.00. The business has a 50-day simple moving average of $22.24 and a 200 day simple moving average of $19.62.

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.