Meituan (OTCMKTS:MPNGF – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 557,655 shares, a drop of 85.2% from the September 30th total of 3,777,847 shares. Based on an average daily trading volume, of 15,444 shares, the days-to-cover ratio is currently 36.1 days.
Meituan Stock Performance
Shares of Meituan stock opened at $8.65 on Tuesday. The business has a 50-day moving average price of $9.64 and a 200 day moving average price of $10.42. Meituan has a twelve month low of $8.20 and a twelve month high of $14.20.
Meituan Company Profile
Meituan (OTCMKTS: MPNGF) is a China-based technology platform that connects consumers with businesses offering local commerce and lifestyle services. Its platform includes Meituan and Dianping, which provide information, reviews, reservations and transactions for restaurants, retailers and other service providers.
The company’s core businesses include restaurant and grocery delivery, in-store dining and entertainment, hotel reservations, travel services and other on-demand offerings. Meituan also supports merchants through online marketing, payment, logistics and other technology services.
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