Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Down 75.0% in November

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a decrease of 75.0% from the October 31st total of 400 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 0.1 days.

Meritage Hospitality Group Price Performance

OTCMKTS MHGU traded down $0.47 on Wednesday, reaching $15.26. 600 shares of the stock traded hands, compared to its average volume of 1,542. Meritage Hospitality Group has a 12 month low of $14.46 and a 12 month high of $19.50. The company has a market cap of $101.02 million, a price-to-earnings ratio of 63.58 and a beta of 0.07. The firm’s fifty day simple moving average is $15.75 and its 200 day simple moving average is $16.67. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.18.

Meritage Hospitality Group (OTCMKTS:MHGU) last released its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.36% and a net margin of 0.62%. The firm had revenue of $164.85 million for the quarter, compared to analyst estimates of $181.50 million. As a group, research analysts predict that Meritage Hospitality Group will post 1.4 EPS for the current fiscal year.

Meritage Hospitality Group Company Profile

Meritage Hospitality Group Inc operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, and Stan's Tacos, as well as Taco John's brand names in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.