Meituan (OTCMKTS:MPNGF) Short Interest Down 32.2% in December

Meituan (OTCMKTS:MPNGF) was the recipient of a large decrease in short interest during the month of 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 short-interest ratio is presently 670.6 days.

Meituan Stock Performance

Shares of Meituan stock traded up $1.50 on Friday, hitting $19.40. 326 shares of the company traded hands, compared to its average volume of 4,503. Meituan has a 12-month low of $7.75 and a 12-month high of $28.08. The firm’s 50-day simple moving average is $20.53 and its 200 day simple moving average is $18.58.

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.