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

Meituan (OTCMKTS:MPNGF) was the target of a large decline in short interest in the month of 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 trading volume, of 19,900 shares, the short-interest ratio is currently 120.3 days.

Meituan Stock Up 4.3 %

OTCMKTS MPNGF opened at $25.20 on Friday. The company has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $15.03. Meituan has a one year low of $7.75 and a one year 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.