Mercari, Inc. (OTCMKTS:MCARY – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 82 shares, a decrease of 69.4% from the July 15th total of 268 shares. Based on an average trading volume of 119 shares, the days-to-cover ratio is currently 0.7 days.
Mercari Price Performance
Shares of MCARY stock traded up $1.26 during trading hours on Friday, hitting $15.20. 601 shares of the company’s stock traded hands, compared to its average volume of 2,776. The stock’s 50 day simple moving average is $13.18 and its 200 day simple moving average is $12.22. Mercari has a 12 month low of $6.88 and a 12 month high of $15.20.
Mercari Company Profile
Mercari, Inc (OTCMKTS:MCARY) is a Japan-based e-commerce company that operates a peer-to-peer marketplace platform, enabling individuals to list, buy and sell used and new items via its mobile application and website. The platform accommodates a wide range of categories, including fashion, electronics, home goods and collectibles, and integrates payment processing and shipping coordination to streamline transactions for users.
Founded in February 2013 by Shintaro Yamada, Mercari quickly gained traction in its domestic market and went public on the Tokyo Stock Exchange in June 2018.
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