Meituan (OTCMKTS:MPNGF) Sees Large Decline in Short Interest

Meituan (OTCMKTS:MPNGF) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 2,393,100 shares, a decline of 39.9% from the September 15th total of 3,983,800 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is currently 120.3 days.

Meituan Trading Up 4.3 %

OTCMKTS MPNGF opened at $25.20 on Friday. The company’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $15.03. Meituan has a 12 month low of $7.75 and a 12 month high of $28.08.

Meituan Company Profile

Meituan operates as a technology retail company in the People's Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing.