Meituan Unsponsored ADR (OTCMKTS:MPNGY) Short Interest Down 34.4% in April
by Doug Wharley · The Cerbat GemMeituan Unsponsored ADR (OTCMKTS:MPNGY – Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 304,252 shares, a decrease of 34.4% from the April 15th total of 463,629 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 286,065 shares, the short-interest ratio is presently 1.1 days.
Meituan Trading Up 0.8%
Shares of Meituan stock traded up $0.17 on Monday, hitting $20.93. 15,361 shares of the company traded hands, compared to its average volume of 321,900. Meituan has a 52 week low of $18.56 and a 52 week high of $37.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.68. The company’s 50-day moving average price is $21.08.
Meituan Company Profile
Meituan is a China-based technology company that operates a leading local services platform connecting consumers with merchants and service providers. The company offers a broad range of on-demand services, including food delivery, restaurant discovery, hotel and travel bookings, grocery delivery, and other lifestyle services through its mobile app and online platform.
Founded in 2010, Meituan has grown into one of the largest internet platforms in China focused on everyday consumer services.