China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Short Interest Up 513.6% in April

China Mengniu Dairy Company Limited (OTCMKTS:CIADYGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 13,500 shares, a growth of 513.6% from the April 15th total of 2,200 shares. Based on an average daily volume of 39,400 shares, the days-to-cover ratio is currently 0.3 days.

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

Shares of OTCMKTS CIADY traded up $0.17 during trading on Thursday, hitting $49.15. The stock had a trading volume of 39,143 shares, compared to its average volume of 12,986. China Mengniu Dairy has a 12 month low of $47.60 and a 12 month high of $66.26. The firm has a fifty day moving average of $54.72 and a two-hundred day moving average of $58.15.

China Mengniu Dairy Company Profile (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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