Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Sees Significant Growth in Short Interest

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) saw a significant growth in short interest in 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 trading volume of 7,204 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Meritage Hospitality Group Stock Up 3.1%

Shares of OTCMKTS MHGU traded up $0.07 during mid-day trading on Friday, reaching $2.30. 4,995 shares of the company’s stock were exchanged, compared to its average volume of 4,683. Meritage Hospitality Group has a twelve month low of $1.34 and a twelve month high of $13.00. The company has a current ratio of 0.15, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $15.52 million, a price-to-earnings ratio of -0.40 and a beta of -0.21. The business has a fifty day simple moving average of $2.26 and a 200 day simple moving average of $2.42.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.76) earnings per share (EPS) for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 26.70%. The business had revenue of $132.60 million during the quarter.

About Meritage Hospitality Group

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.