China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Sees Significant Drop in Short Interest

China Mengniu Dairy Company Limited (OTCMKTS:CIADY – Get Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,200 shares, a decrease of 46.3% from the March 31st total of 4,100 shares. Based on an average daily volume of 60,000 shares, the days-to-cover ratio is currently 0.0 days.

Separately, Zacks Investment Research raised China Mengniu Dairy from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, April 5th.

Shares of CIADY traded down $0.42 during mid-day trading on Friday, hitting $53.69. The company’s stock had a trading volume of 10,694 shares, compared to its average volume of 24,278. China Mengniu Dairy has a one year low of $51.24 and a one year high of $66.26. The stock’s 50-day moving average is $56.74 and its two-hundred day moving average is $58.65.

About China Mengniu Dairy (Get Rating)

China Mengniu Dairy Company Limited, an investment holding company, manufactures and distributes dairy products in the People's Republic of China. The company operates through four segments: Liquid Milk Products, Ice Cream Products, Milk Powder Products, and Others. The Liquid Milk Products segment manufactures and distributes ultra-high temperature milk, milk beverages, and yogurt.

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