Meituan (OTCMKTS:MPNGF – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 557,655 shares, a decline of 85.2% from the September 30th total of 3,777,847 shares. Based on an average daily trading volume, of 15,444 shares, the short-interest ratio is presently 36.1 days.
Meituan Price Performance
Shares of MPNGF stock opened at $8.65 on Tuesday. The company’s 50-day moving average price is $9.64 and its 200-day moving average price is $10.42. Meituan has a twelve month low of $8.20 and a twelve month high of $14.20.
Meituan Company Profile
Meituan (OTCMKTS: MPNGF) is a China-based technology platform that connects consumers with businesses offering local commerce and lifestyle services. Its platform includes Meituan and Dianping, which provide information, reviews, reservations and transactions for restaurants, retailers and other service providers.
The company’s core businesses include restaurant and grocery delivery, in-store dining and entertainment, hotel reservations, travel services and other on-demand offerings. Meituan also supports merchants through online marketing, payment, logistics and other technology services.
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