China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Up 850.0% in August

Key Points

• China Mengniu Dairy's short interest surged by 850.0% in August, rising from 200 shares to 1,900 shares.
• The company's stock increased by 3.7% on Thursday, trading at $19.74, with a current ratio of 0.97 and debt-to-equity ratio of 0.37.
• China Mengniu Dairy announced an increase in its dividend to $0.6371, yielding 288.0%, up from the previous dividend of $0.61.

China Mengniu Dairy (OTCMKTS:CIADY - ) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,900 shares, a growth of 850.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 7,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,500 shares, the days-to-cover ratio is presently 0.3 days.

China Mengniu Dairy Stock Up 3.7%

Shares of OTCMKTS:CIADY traded up $0.71 during mid-day trading on Thursday, reaching $19.74. 6,522 shares of the company traded hands, compared to its average volume of 5,436. The company's 50 day moving average price is $20.64 and its 200-day moving average price is $22.51. China Mengniu Dairy has a 52 week low of $15.78 and a 52 week high of $29.00. The company has a current ratio of 0.97, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

China Mengniu Dairy Increases Dividend

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

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.

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