China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Down 53.7% in December

China Mengniu Dairy (OTCMKTS:CIADY) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 18,337 shares, a decrease of 53.7% from the December 15th total of 39,639 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,329 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 35,329 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

China Mengniu Dairy Stock Performance

China Mengniu Dairy stock opened at $19.30 on Wednesday. The business’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $19.62. The company has a current ratio of 0.94, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. China Mengniu Dairy has a 12-month low of $17.81 and a 12-month high of $26.54.

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).