Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Update

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 31 shares, a decline of 97.7% from the July 30th total of 1,357 shares. Based on an average daily volume of 14,825 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Meritage Hospitality Group Stock Down 3.9%

Shares of MHGU stock traded down $0.08 on Wednesday, reaching $1.99. 7,840 shares of the company were exchanged, compared to its average volume of 8,805. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13. The company has a 50-day moving average of $2.42 and a 200-day moving average of $2.43. The company has a market cap of $13.43 million, a price-to-earnings ratio of -0.25 and a beta of -0.19. Meritage Hospitality Group has a one year low of $1.34 and a one year high of $11.57.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its earnings results on Wednesday, August 12th. The company reported ($2.09) EPS for the quarter. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 41.97%. The firm had revenue of $140.99 million during the quarter.

About Meritage Hospitality Group

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.