Meituan (OTCMKTS:MPNGF) Short Interest Down 60.8% in March

Meituan (OTCMKTS:MPNGF) saw a large drop in short interest in 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 short-interest ratio is currently 56.8 days.

Meituan Stock Down 1.2 %

MPNGF stock traded down $0.25 on Friday, hitting $20.54. 2,663 shares of the company’s stock traded hands, compared to its average volume of 19,657. Meituan has a 1-year low of $12.10 and a 1-year high of $28.08. The stock has a fifty day moving average of $20.83 and a 200-day moving average of $20.99.

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.