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

Meituan (OTCMKTS:MPNGF) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 3,353,200 shares, a drop of 32.2% from the December 15th total of 4,946,900 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is currently 670.6 days.

Meituan Trading Up 6.7 %

OTCMKTS:MPNGF traded up $1.25 during trading hours on Wednesday, reaching $19.80. The company had a trading volume of 708 shares, compared to its average volume of 5,198. Meituan has a 1-year low of $7.75 and a 1-year high of $28.08. The business’s 50 day moving average price is $20.75 and its 200-day moving average price is $18.58.

Meituan Company Profile

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.