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

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

Meituan Trading Down 2.0 %

OTCMKTS:MPNGF opened at $20.80 on Friday. The firm’s fifty day moving average price is $19.74 and its 200 day moving average price is $19.91. Meituan has a 1-year low of $9.87 and a 1-year 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.