Meituan (OTCMKTS:MPNGF) Short Interest Down 46.7% in January

Meituan (OTCMKTS:MPNGF) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,621,800 shares, a decrease of 46.7% from the January 15th total of 3,040,500 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is currently 159.0 days.

Meituan Price Performance

OTCMKTS MPNGF traded down $0.64 during mid-day trading on Thursday, reaching $20.21. 12,031 shares of the company’s stock traded hands, compared to its average volume of 8,360. Meituan has a 1-year low of $8.98 and a 1-year high of $28.08. The company has a fifty day simple moving average of $19.71 and a 200-day simple moving average of $19.25.

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.