China Mengniu Dairy Company Limited has seen a significant reduction in short interest, down 56.9% from mid-July. The company’s stock increased slightly to $16.91, with recent dividend payout also boosted. Key financial metrics and performance details are highlighted.
China Mengniu Dairy Company Limited, headquartered in the People’s Republic of China, is a leading investment holding company specializing in the manufacture and distribution of dairy products. Operating under the MENGNIU brand, the company has a diverse portfolio that includes liquid milk, ice cream, milk formula, cheese, and other dairy-related products.
In recent market news, China Mengniu Dairy has experienced a notable reduction in short interest. As of July 31st, short interest dropped to 21,400 shares, a significant decrease of 56.9% from the 49,600 shares reported on July 15th. With an average daily trading volume of 53,000 shares, this reduction results in a short-interest ratio of just 0.4 days, reflecting a more favorable outlook from investors.
Price Performance and Trading Metrics
On Tuesday, the stock saw a modest increase, trading up $0.06 to reach $16.91. The day’s trading volume was 59,173 shares, surpassing its average volume of 37,757 shares. The stock has fluctuated between a low of $15.93 and a high of $35.73 over the past year. Currently, it is trading below its 50-day simple moving average of $17.70 and its 200-day simple moving average of $20.75. The company’s debt-to-equity ratio stands at 0.54, with a current ratio of 1.05 and a quick ratio of 0.86.
Dividend Increase of China Mengniu Dairy
In addition to the drop in short interest, China Mengniu Dairy recently increased its dividend payout. Shareholders received a dividend of $0.6052 on July 11th, up from the previous dividend of $0.53. The dividend was declared for shareholders on record as of June 17th, with the ex-dividend date also being June 17th.
Key Metrics and Dividend Data
| Metric | Value |
| Short Interest (July 31) | 21,400 shares |
| Short Interest (July 15) | 49,600 shares |
| Short-Interest Ratio | 0.4 days |
| Current Stock Price | $16.91 |
| One-Year Low | $15.93 |
| One-Year High | $35.73 |
| 50-Day Moving Average | $17.70 |
| 200-Day Moving Average | $20.75 |
| Debt-to-Equity Ratio | 0.54 |
| Current Ratio | 1.05 |
| Quick Ratio | 0.86 |
| Recent Dividend | $0.6052 |
| Previous Dividend | $0.53 |
| Dividend Declaration Date | June 17th |
| Dividend Payment Date | July 11th |
