China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Down 45.1% in May

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 6,200 shares, a drop of 45.1% from the May 15th total of 11,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,900 shares, the short-interest ratio is currently 0.8 days.

China Mengniu Dairy Stock Performance

OTCMKTS CIADY traded down $0.14 during midday trading on Wednesday, hitting $21.18. The company had a trading volume of 2,615 shares, compared to its average volume of 6,344. China Mengniu Dairy has a fifty-two week low of $15.06 and a fifty-two week high of $29.00. The firm has a fifty day simple moving average of $23.74 and a two-hundred day simple moving average of $22.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.97.

China Mengniu Dairy Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 18th will be given a $0.6371 dividend. This represents a yield of 2.88%. This is a boost from China Mengniu Dairy's previous dividend of $0.61. The ex-dividend date is Tuesday, June 17th.

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.