China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Up 700.6% in March

Key Points

• Short interest surged 700.6% in March to 4,363 shares (up from 545 on March 15), but the short-interest ratio is just 0.3 days and the shorted shares represent effectively 0.0% of the float, so the rise is large percentage-wise but small in absolute terms.
• Shares last traded at $22.07, down $0.23, with a trading volume of 2,764 versus an average of 8,266; the 52-week range is $17.81–$26.54, with a 50-day SMA of $21.31 and a 200-day SMA of $19.89.
• China Mengniu Dairy is one of China's largest dairy producers, selling milk, UHT milk, yogurt, ice cream, milk powder and cheese under brands such as Mengniu, Ambrosial and Yashili.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 4,363 shares, a growth of 700.6% from the March 15th total of 545 shares. Based on an average daily trading volume, of 15,471 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are sold short.

China Mengniu Dairy Price Performance

OTCMKTS CIADY traded down $0.23 during trading on Friday, hitting $22.07. The company's stock had a trading volume of 2,764 shares, compared to its average volume of 8,266. China Mengniu Dairy has a fifty-two week low of $17.81 and a fifty-two week high of $26.54. The business's 50 day simple moving average is $21.31 and its 200-day simple moving average is $19.89.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.