Short Interest in China Mengniu Dairy (OTCMKTS:CIADY) Expands By 1,050.0%

China Mengniu Dairy (OTCMKTS:CIADY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,300 shares, an increase of 1,050.0% from the September 30th total of 200 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 25,900 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 25,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of China Mengniu Dairy from a “hold” rating to a “strong sell” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

China Mengniu Dairy Stock Performance

Shares of CIADY stock opened at $18.47 on Tuesday. China Mengniu Dairy has a 12 month low of $17.94 and a 12 month high of $26.54. 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 company’s fifty day moving average price is $19.29 and its 200-day moving average price is $21.29.

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.