Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) saw a large increase in short interest in 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. Based on an average daily volume of 7,204 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Meritage Hospitality Group Stock Performance
Shares of OTCMKTS MHGU traded up $0.07 during mid-day trading on Friday, hitting $2.30. The company had a trading volume of 4,995 shares, compared to its average volume of 4,683. Meritage Hospitality Group has a 12 month low of $1.34 and a 12 month high of $13.00. The firm has a market cap of $15.52 million, a P/E ratio of -0.40 and a beta of -0.21. The business’s 50-day simple moving average is $2.26 and its 200-day simple 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 – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.76) earnings per share (EPS) for the quarter. The firm had revenue of $132.60 million for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 26.70%.
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.
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