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

Meituan (OTCMKTS:MPNGF) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,168,700 shares, a decline of 60.8% from the February 28th total of 5,538,900 shares. Based on an average trading volume of 38,200 shares, the short-interest ratio is presently 56.8 days.

Meituan Stock Down 1.2 %

Shares of MPNGF stock traded down $0.25 during trading hours on Friday, hitting $20.54. The company’s stock had a trading volume of 2,663 shares, compared to its average volume of 19,657. The business has a fifty day moving average of $20.83 and a 200-day moving average of $20.95. Meituan has a twelve month low of $12.10 and a twelve month 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.