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

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) 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”.

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

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.