Meituan (OTCMKTS:MPNGF – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,777,847 shares, an increase of 192.2% from the September 15th total of 1,292,905 shares. Based on an average daily trading volume, of 3,685 shares, the short-interest ratio is currently 1,025.2 days.
Meituan Stock Up 1.8%
OTCMKTS MPNGF traded up $0.16 during trading on Tuesday, reaching $9.21. 115 shares of the company’s stock were exchanged, compared to its average volume of 10,972. The company has a 50 day moving average price of $10.09 and a two-hundred day moving average price of $10.16. Meituan has a 1 year low of $8.20 and a 1 year high of $14.20.
About Meituan
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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