China Mengniu Dairy Company Limited (OTCMKTS:CIADY) Short Interest Down 87.5% in October

China Mengniu Dairy Company Limited (OTCMKTS:CIADY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 1,300 shares, a drop of 87.5% from the October 15th total of 10,400 shares. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is currently 0.1 days.

China Mengniu Dairy Stock Down 2.1 %

Shares of OTCMKTS CIADY traded down $0.46 during mid-day trading on Wednesday, reaching $21.86. 8,014 shares of the company were exchanged, compared to its average volume of 33,126. The firm has a 50-day moving average of $20.73 and a 200 day moving average of $19.18. China Mengniu Dairy has a 1 year low of $15.06 and a 1 year high of $33.82. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.47.

China Mengniu Dairy Company Profile

China Mengniu Dairy Company Limited, an investment holding company, engages in the manufacture and distribution of dairy products under the MENGNIU brand in the People's Republic of China and internationally. It operates through Liquid Milk Business, Ice Cream Business, Milk Formula Business, and Cheese Business, and Other segments.