Short Interest in Meituan (OTCMKTS:MPNGF) Decreases By 32.2%

Meituan (OTCMKTS:MPNGF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 3,353,200 shares, a decrease of 32.2% from the December 15th total of 4,946,900 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 670.6 days.

Meituan Price Performance

Shares of MPNGF stock traded up $1.50 during trading hours on Friday, reaching $19.40. The stock had a trading volume of 326 shares, compared to its average volume of 4,503. The stock’s fifty day simple moving average is $20.53 and its 200 day simple moving average is $18.58. Meituan has a 12 month low of $7.75 and a 12 month high of $28.08.

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.