Short Interest in Meituan (OTCMKTS:MPNGF) Drops By 32.2%

by · The Cerbat Gem

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

Meituan Stock Up 8.4 %

Meituan stock traded up $1.50 during midday trading on Friday, hitting $19.40. 326 shares of the company were exchanged, compared to its average volume of 4,503. The business has a fifty day simple moving average of $20.53 and a two-hundred day simple moving average of $18.58. Meituan has a fifty-two week low of $7.75 and a fifty-two week high of $28.08.

Meituan Company Profile

(Get Free Report)

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.

Recommended Stories