Meituan Unsponsored ADR (OTCMKTS:MPNGY – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 557,529 shares, an increase of 156.0% from the August 15th total of 217,822 shares. Based on an average daily trading volume, of 268,518 shares, the short-interest ratio is currently 2.1 days. Approximately 0.0% of the company’s stock are sold short.
Meituan Trading Up 1.1%
MPNGY opened at $19.05 on Friday. The business’s 50-day simple moving average is $21.46 and its 200-day simple moving average is $20.73. Meituan has a one year low of $16.23 and a one year high of $27.54.
Wall Street Analyst Weigh In
Separately, China Intl Cap raised Meituan to a “strong-buy” rating in a research report on Sunday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.
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.
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