Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Down 97.7% in August

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 31 shares, a decrease of 97.7% from the July 30th total of 1,357 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 14,825 shares, the days-to-cover ratio is presently 0.0 days.

Meritage Hospitality Group Stock Down 8.8%

Shares of OTCMKTS MHGU traded down $0.20 during mid-day trading on Tuesday, reaching $2.07. The company had a trading volume of 1,700 shares, compared to its average volume of 5,648. 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 50 day simple moving average of $2.42 and a two-hundred day simple moving average of $2.43. The stock has a market cap of $13.97 million, a P/E ratio of -0.26 and a beta of -0.19. Meritage Hospitality Group has a 52-week low of $1.34 and a 52-week high of $11.57.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.09) earnings per share for the quarter. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 41.97%. The company had revenue of $140.99 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.