China Mengniu Dairy (OTCMKTS:CIADY) Sees Significant Decrease in Short Interest

Key Points

• China Mengniu Dairy (OTCMKTS:CIADY) experienced a significant drop in short interest, decreasing by 33.3% in September, totaling just 200 shares as of September 30th.
• Analyst ratings have taken a negative turn, with Zacks Research downgrading the stock from a "hold" to a "strong sell", contributing to a consensus rating of "Sell."
• The stock's current price is $18.47, with a notable 52-week high of $26.54 and a low of $17.94, indicating volatility in its trading range.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 200 shares, a drop of 33.3% from the September 15th total of 300 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 11,300 shares, the short-interest ratio is currently 0.0 days.

China Mengniu Dairy Price Performance

Shares of CIADY stock opened at $18.47 on Wednesday. The firm has a 50 day moving average of $19.48 and a two-hundred day moving average of $21.45. China Mengniu Dairy has a 52 week low of $17.94 and a 52 week high of $26.54.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of China Mengniu Dairy from a "hold" rating to a "strong sell" rating in a report on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

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.

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