Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Update

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

Meritage Hospitality Group Stock Performance

Shares of MHGU stock opened at $2.29 on Wednesday. The stock has a market capitalization of $15.46 million, a PE ratio of -0.39 and a beta of -0.19. The business’s 50 day simple moving average is $2.38 and its 200 day simple moving average is $2.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13. Meritage Hospitality Group has a one year low of $1.34 and a one year high of $12.12.

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.