Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Up 1,111.1% in July

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 109 shares, an increase of 1,111.1% from the June 30th total of 9 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,204 shares, the short-interest ratio is presently 0.0 days.

Meritage Hospitality Group Stock Up 3.1%

Shares of OTCMKTS MHGU opened at $2.30 on Friday. The company has a market capitalization of $15.52 million, a PE ratio of -0.40 and a beta of -0.21. Meritage Hospitality Group has a 12-month low of $1.34 and a 12-month high of $13.00. The firm’s 50-day moving average is $2.26 and its two-hundred day moving average is $2.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.76) earnings per share for the quarter. The business had revenue of $132.60 million for the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.

Meritage Hospitality Group Company Profile

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.