Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Sees Large Increase in Short Interest

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 9 shares, an increase of ∞ from the May 31st total of 0 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,929 shares, the short-interest ratio is presently 0.0 days.

Meritage Hospitality Group Price Performance

MHGU stock traded down $0.10 during midday trading on Thursday, hitting $2.90. 5,369 shares of the stock were exchanged, compared to its average volume of 10,159. The stock’s 50-day moving average price is $2.18 and its 200-day moving average price is $2.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15. The stock has a market cap of $19.55 million, a price-to-earnings ratio of -0.50 and a beta of -0.21. Meritage Hospitality Group has a fifty-two week low of $1.34 and a fifty-two week high of $13.12.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its earnings results on Friday, May 8th. The company reported $999.00 earnings per share for the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.The company had revenue of $132.60 million for the quarter.

About Meritage Hospitality Group

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.