Meituan (OTCMKTS:MPNGF – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,777,847 shares, an increase of 192.2% from the September 15th total of 1,292,905 shares. Based on an average trading volume of 3,685 shares, the short-interest ratio is currently 1,025.2 days.
Meituan Stock Performance
MPNGF opened at $9.03 on Wednesday. Meituan has a one year low of $8.20 and a one year high of $14.20. The company has a fifty day moving average price of $10.03 and a 200-day moving average price of $10.14.
About Meituan
Meituan (OTCMKTS: MPNGF) is a China-based technology platform that connects consumers with businesses offering local commerce and lifestyle services. Its platform includes Meituan and Dianping, which provide information, reviews, reservations and transactions for restaurants, retailers and other service providers.
The company’s core businesses include restaurant and grocery delivery, in-store dining and entertainment, hotel reservations, travel services and other on-demand offerings. Meituan also supports merchants through online marketing, payment, logistics and other technology services.
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