China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Down 75.0% in August

Key Points

• China Mengniu Dairy's short interest decreased by 75.0% in August, with a total of 200 shares compared to 800 shares from July.
• The company recently announced a dividend increase to $0.6371 per share, marking a rise from the previous dividend of $0.61 and reflecting a significant dividend yield of 288.0%.
• Mengniu Dairy's stock opened at $19.01 and has experienced a 1-year range between a low of $15.64 and a high of $29.00.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totaling 200 shares, adeclineof75.0% from the July 31st total of 800 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.0 days.

China Mengniu Dairy Stock Up 0.3%

China Mengniu Dairy stock traded up $0.06 during trading on Friday, reaching $19.26. The company had a trading volume of 4,009 shares, compared to its average volume of 3,017. The firm's 50-day simple moving average is $20.72 and its 200 day simple moving average is $22.56. China Mengniu Dairy has a 1-year low of $15.64 and a 1-year high of $29.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.83.

China Mengniu Dairy Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.6371 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This is a positive change from China Mengniu Dairy's previous dividend of $0.61. This represents a dividend yield of 288.0%.

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.