Meritage Hospitality Group Inc. (OTCMKTS:MHGU) Short Interest Update

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 31 shares, a drop of 97.7% from the July 30th total of 1,357 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 14,825 shares, the short-interest ratio is currently 0.0 days.

Meritage Hospitality Group Price Performance

OTCMKTS MHGU opened at $2.16 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $14.58 million, a PE ratio of -0.27 and a beta of -0.19. Meritage Hospitality Group has a 12-month low of $1.34 and a 12-month high of $11.57. The company has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $2.43.

Meritage Hospitality Group (OTCMKTS:MHGU) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($2.09) earnings per share (EPS) for the quarter. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 41.97%. The business had revenue of $140.99 million during the quarter.

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.