Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Sees Significant Growth in Short Interest

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,941 shares, a growth of 977.4% from the September 30th total of 2,779 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 656,382 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Medirom Healthcare Technologies in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Medirom Healthcare Technologies Stock Performance

Shares of MRM traded down $0.02 during midday trading on Wednesday, reaching $0.35. The stock had a trading volume of 14,933 shares, compared to its average volume of 268,885. The firm has a 50 day simple moving average of $0.70 and a 200-day simple moving average of $1.08. Medirom Healthcare Technologies has a one year low of $0.24 and a one year high of $2.66.

About Medirom Healthcare Technologies

Medirom Healthcare Technologies Inc is a Japan-based healthcare and wellness company that provides services designed to support relaxation, physical conditioning and preventative health. The company operates through a network of wellness salons and related healthcare businesses, serving consumers primarily in Japan.

Its principal salon brand, Re.Ra.Ku, offers services such as body care, stretching, reflexology and other relaxation treatments. Medirom serves customers through company-operated and franchised locations, with its services focused on helping clients manage fatigue, improve flexibility and maintain general physical well-being.

In addition to its salon operations, Medirom has pursued digital healthcare and wearable technology initiatives, including products intended to monitor health and wellness information.