Meituan (OTCMKTS:MPNGF) Sees Significant Growth in Short Interest

Meituan (OTCMKTS:MPNGF) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 5,630,800 shares, an increase of 247.2% from the January 31st total of 1,621,800 shares. Based on an average trading volume of 33,600 shares, the days-to-cover ratio is presently 167.6 days.

Meituan Stock Performance

Shares of MPNGF stock traded down $0.91 on Friday, hitting $21.22. The stock had a trading volume of 1,466 shares, compared to its average volume of 18,248. The business has a 50 day moving average of $19.73 and a 200 day moving average of $19.82. Meituan has a 12-month low of $9.59 and a 12-month high of $28.08.

About Meituan

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.