Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Sees Large Decrease in Short Interest

by · The Markets Daily

Medirom Healthcare Technologies Inc. (NASDAQ:MRM – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,779 shares, a drop of 78.6% from the September 15th total of 13,001 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,358 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Medirom Healthcare Technologies in a research report on Tuesday, August 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Research Report on MRM

Medirom Healthcare Technologies Stock Performance

Shares of NASDAQ MRM traded up $0.00 during midday trading on Friday, hitting $0.55. The company’s stock had a trading volume of 7,889 shares, compared to its average volume of 22,934. The stock has a fifty day moving average price of $0.85 and a 200 day moving average price of $1.01. Medirom Healthcare Technologies has a one year low of $0.53 and a one year high of $2.85.

About Medirom Healthcare Technologies

(Get Free Report)

Medirom Healthcare Technologies Inc is a Japan-based healthcare and wellness company that provides relaxation, body-care and preventive-health services. Its core business operates under the Re.Ra.Ku brand, a network of studios offering services such as relaxation treatments, stretching and other wellness programs intended to support customers’ physical well-being.

The company also develops digital preventive-healthcare products and services. These initiatives include wearable technology designed to collect health-related data and support ongoing wellness management, including the MOTHER Bracelet, a device marketed as a low-maintenance activity and health-monitoring wearable.

Medirom serves customers primarily in Japan through its physical locations and technology-based healthcare offerings.

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