China Mengniu Dairy (OTCMKTS:CIADY) Sees Large Increase in Short Interest

China Mengniu Dairy (OTCMKTS:CIADY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 25,692 shares, a growth of 40.1% from the December 31st total of 18,337 shares. Based on an average trading volume of 27,074 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 27,074 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of China Mengniu Dairy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

China Mengniu Dairy Stock Performance

Shares of CIADY opened at $21.18 on Tuesday. China Mengniu Dairy has a 12-month low of $17.81 and a 12-month high of $26.54. The company has a current ratio of 0.94, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $19.59 and a 200-day moving average price of $19.59.

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).