Short Interest in China Mengniu Dairy (OTCMKTS:CIADY) Drops By 86.6%

China Mengniu Dairy (OTCMKTS:CIADY) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 435 shares, a drop of 86.6% from the April 30th total of 3,240 shares. Based on an average daily volume of 7,848 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

China Mengniu Dairy Trading Up 1.3%

CIADY stock opened at $21.55 on Friday. China Mengniu Dairy has a 52-week low of $17.81 and a 52-week high of $24.05. The stock’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $20.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 1.00.

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).