Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Up 1,111.1% in July

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 109 shares, a growth of 1,111.1% from the June 30th total of 9 shares. Based on an average daily trading volume, of 7,204 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Meritage Hospitality Group Stock Performance

Shares of OTCMKTS MHGU traded up $0.07 during trading hours on Friday, hitting $2.30. 4,995 shares of the stock were exchanged, compared to its average volume of 4,683. 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’s 50 day moving average is $2.26 and its 200 day moving average is $2.42. The firm has a market capitalization of $15.52 million, a P/E ratio of -0.40 and a beta of -0.21. Meritage Hospitality Group has a one year low of $1.34 and a one year high of $13.00.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its earnings results on Friday, May 8th. The company reported ($0.76) 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 firm had revenue of $132.60 million during the quarter.

Meritage Hospitality Group Company Profile

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.