China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 18,337 shares, a decline of 53.7% from the December 15th total of 39,639 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 35,329 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 35,329 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold.
China Mengniu Dairy Stock Up 2.1%
OTCMKTS:CIADY traded up $0.40 during mid-day trading on Thursday, hitting $19.71. 4,677 shares of the company’s stock traded hands, compared to its average volume of 13,165. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.94. The firm’s 50 day simple moving average is $19.20 and its 200 day simple moving average is $19.61. China Mengniu Dairy has a 1 year low of $17.81 and a 1 year high of $26.54.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded 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 data from MarketBeat, the company currently has a consensus rating of “Hold”.
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).
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