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

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 7,708 shares, a growth of 24,764.5% from the August 15th total of 31 shares. Based on an average daily volume of 12,327 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Meritage Hospitality Group Stock Performance

Shares of OTCMKTS:MHGU traded up $0.01 on Thursday, reaching $2.06. 1,528 shares of the company’s stock were exchanged, compared to its average volume of 9,307. Meritage Hospitality Group has a twelve month low of $1.34 and a twelve month high of $11.25. The company has a fifty day moving average of $2.26 and a 200-day moving average of $2.35. The company has a market capitalization of $13.90 million, a price-to-earnings ratio of -0.26 and a beta of -0.22. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 0.04.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.09) earnings per share (EPS) for the quarter. The company had revenue of $140.99 million during the quarter. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 44.87%.

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.