Meituan (OTCMKTS:MPNGF) Sees Significant Growth in Short Interest

Meituan (OTCMKTS:MPNGF) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 3,868,400 shares, an increase of 20.3% from the November 15th total of 3,216,200 shares. Based on an average daily trading volume, of 8,500 shares, the short-interest ratio is currently 455.1 days.

Meituan Trading Down 8.6 %

OTCMKTS MPNGF traded down $1.91 during trading hours on Monday, hitting $20.34. 1,318 shares of the company were exchanged, compared to its average volume of 21,725. Meituan has a 52 week low of $7.75 and a 52 week high of $28.08. The stock has a 50-day moving average price of $22.72 and a 200 day moving average price of $17.84.

About Meituan

Meituan operates as a technology retail company in the People's Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing.