Short Interest in Meituan (OTCMKTS:MPNGF) Grows By 14.4%

Meituan (OTCMKTS:MPNGFGet Rating) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 1,243,400 shares, an increase of 14.4% from the August 15th total of 1,086,500 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is presently 78.2 days.

Meituan Stock Down 1.2 %

OTCMKTS:MPNGF opened at $21.91 on Monday. Meituan has a 1 year low of $13.33 and a 1 year high of $39.05. The stock’s 50 day simple moving average is $22.75 and its two-hundred day simple moving average is $21.78.

Wall Street Analysts Forecast Growth

MPNGF has been the topic of a number of research analyst reports. Barclays boosted their price target on Meituan from $18.00 to $21.00 in a report on Friday, September 2nd. Macquarie raised Meituan from a “neutral” rating to an “outperform” rating in a research note on Friday, June 3rd.

Meituan Company Profile

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Meituan operates an e-commerce platform for various services. It operates through Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others segments. The Food delivery segment provides consumers place orders of food prepared by merchants. The In-store, Hotel & Travel segment offers consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels and attractions.

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