Short Interest in Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Increases By 1,145.0%

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,357 shares, a growth of 1,145.0% from the July 15th total of 109 shares. Based on an average daily volume of 8,165 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Meritage Hospitality Group Stock Performance

Shares of MHGU remained flat at $2.29 during mid-day trading on Tuesday. 11,491 shares of the stock were exchanged, compared to its average volume of 4,070. Meritage Hospitality Group has a 1 year low of $1.34 and a 1 year high of $12.12. The firm has a market capitalization of $15.46 million, a PE ratio of -0.39 and a beta of -0.19. The stock’s 50 day moving average price is $2.38 and its two-hundred day moving average price is $2.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.76) earnings per share 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.

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.