Meituan Unsponsored ADR (OTCMKTS:MPNGY) Sees Significant Increase in Short Interest

Meituan Unsponsored ADR (OTCMKTS:MPNGY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 557,529 shares, a growth of 156.0% from the August 15th total of 217,822 shares. Based on an average daily volume of 268,518 shares, the short-interest ratio is presently 2.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, China Intl Cap upgraded shares of Meituan to a “strong-buy” rating in a report on Sunday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Meituan has a consensus rating of “Strong Buy”.

Meituan Stock Performance

Shares of OTCMKTS MPNGY opened at $19.05 on Friday. The stock’s 50-day moving average is $21.46 and its two-hundred day moving average is $20.73. Meituan has a 1-year low of $16.23 and a 1-year high of $27.54.

Meituan Company Profile

Meituan is a China-based technology and e-commerce company that operates a broad local commerce platform. Its services connect consumers with merchants and service providers, helping users discover, purchase and receive products and services through mobile applications and online platforms.

The company’s businesses include food delivery, restaurant and retail services, grocery and other on-demand delivery, and in-store services such as dining, entertainment and personal care. Meituan also operates travel-related services, including hotel bookings and transportation ticket reservations.