Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Sees Significant Decline in Short Interest

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 31 shares, a decrease of 97.7% from the July 30th total of 1,357 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 14,825 shares, the days-to-cover ratio is presently 0.0 days.

Meritage Hospitality Group Stock Performance

Shares of MHGU traded down $0.20 during mid-day trading on Tuesday, reaching $2.07. 1,700 shares of the company’s stock were exchanged, compared to its average volume of 5,648. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13. The stock has a market capitalization of $13.97 million, a PE ratio of -0.26 and a beta of -0.19. The business’s fifty day simple moving average is $2.42 and its 200-day simple moving average is $2.43. Meritage Hospitality Group has a 52-week low of $1.34 and a 52-week high of $11.57.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its earnings results on Wednesday, August 12th. The company reported ($2.09) EPS for the quarter. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 41.97%. The business had revenue of $140.99 million during the quarter.

Meritage Hospitality Group Company Profile

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.