Meituan (OTCMKTS:MPNGF – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 557,655 shares, a drop of 85.2% from the September 30th total of 3,777,847 shares. Based on an average daily trading volume, of 15,444 shares, the days-to-cover ratio is presently 36.1 days.
Meituan Stock Up 0.5%
Shares of MPNGF traded up $0.04 during trading hours on Wednesday, hitting $9.03. The company had a trading volume of 500 shares, compared to its average volume of 10,737. Meituan has a 52-week low of $8.20 and a 52-week high of $14.20. The stock’s 50 day moving average price is $9.57 and its 200 day moving average price is $10.38.
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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