Meituan (OTCMKTS:MPNGF) Sees Large Decline in Short Interest

Meituan (OTCMKTS:MPNGF) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,168,700 shares, a drop of 60.8% from the February 28th total of 5,538,900 shares. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is presently 56.8 days.

Meituan Stock Up 4.3 %

MPNGF stock opened at $21.85 on Thursday. Meituan has a fifty-two week low of $11.05 and a fifty-two week high of $28.08. The company has a 50-day simple moving average of $20.75 and a 200 day simple moving average of $20.91.

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.