Meituan Unsponsored ADR (OTCMKTS:MPNGY – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 557,529 shares, a growth of 156.0% from the August 15th total of 217,822 shares. Based on an average daily trading volume, of 268,518 shares, the short-interest ratio is presently 2.1 days. Approximately 0.0% of the company’s stock are short sold.
Meituan Price Performance
Shares of Meituan stock traded down $0.12 on Tuesday, reaching $19.09. The stock had a trading volume of 8,090 shares, compared to its average volume of 295,037. The business’s 50-day moving average price is $21.47 and its two-hundred day moving average price is $20.71. Meituan has a fifty-two week low of $16.23 and a fifty-two week high of $27.54.
Wall Street Analyst Weigh In
Separately, China Intl Cap raised Meituan to a “strong-buy” rating in a report on Sunday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.
Meituan Company Profile
Meituan is a China-based technology and e-commerce company that operates a broad local commerce platform. Its services connect consumers with merchants and service providers, helping users discover, purchase and receive products and services through mobile applications and online platforms.
The company’s businesses include food delivery, restaurant and retail services, grocery and other on-demand delivery, and in-store services such as dining, entertainment and personal care. Meituan also operates travel-related services, including hotel bookings and transportation ticket reservations.
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