Short Interest in Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Grows By ∞

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 9 shares, an increase of ∞ from the May 31st total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,929 shares, the short-interest ratio is currently 0.0 days.

Meritage Hospitality Group Stock Down 2.5%

Shares of OTCMKTS:MHGU opened at $2.92 on Wednesday. The business’s 50 day moving average is $2.16 and its 200 day moving average is $2.45. Meritage Hospitality Group has a 12-month low of $1.34 and a 12-month high of $13.12. The stock has a market cap of $19.71 million, a price-to-earnings ratio of -0.50 and a beta of -0.12. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.03.

Meritage Hospitality Group (OTCMKTS:MHGU) last released its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.The business had revenue of $132.60 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.