Meituan (OTCMKTS:MPNGF) Short Interest Update

Meituan (OTCMKTS:MPNGF) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,292,905 shares, a decrease of 90.3% from the August 31st total of 13,349,698 shares. Based on an average daily volume of 48,683 shares, the days-to-cover ratio is presently 26.6 days.

Meituan Price Performance

MPNGF stock remained flat at $9.45 during mid-day trading on Friday. 26 shares of the company’s stock traded hands, compared to its average volume of 11,192. Meituan has a 1-year low of $8.20 and a 1-year high of $14.20. The firm’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.22.

Analyst Ratings Changes

Separately, Citigroup raised shares of Meituan to a “buy” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meituan presently has an average rating of “Moderate Buy”.

About Meituan

Meituan is a China-based technology platform that connects consumers with businesses through a broad range of local commerce and lifestyle services. Its platform helps users discover, purchase and receive goods and services from restaurants, retailers, hotels and other merchants.

The company’s principal activities include food delivery, restaurant and retail ordering, in-store dining and entertainment reservations, hotel bookings and travel-related services. Meituan also operates or supports grocery and community retail offerings, merchant software, delivery logistics and other services designed to help businesses reach consumers and manage online transactions.

Founded in 2010, Meituan has expanded its operations across cities throughout mainland China.