China Mengniu Dairy Company Limited (OTCMKTS:CIADY - Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 6,200 shares, a decrease of 45.1% from the May 15th total of 11,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,900 shares, the short-interest ratio is presently 0.8 days.
China Mengniu Dairy Trading Down 2.3%
Shares of OTCMKTS CIADY traded down $0.52 during midday trading on Friday, reaching $22.13. 2,232 shares of the company were exchanged, compared to its average volume of 6,352. The stock's 50-day moving average price is $23.83 and its 200-day moving average price is $22.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.99. China Mengniu Dairy has a one year low of $15.06 and a one year high of $29.00.
China Mengniu Dairy Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.6371 per share. This is an increase from China Mengniu Dairy's previous dividend of $0.61. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 2.88%.
China Mengniu Dairy Company Profile
(
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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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