Mercari, Inc. (OTCMKTS:MCARY – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 126 shares, an increase of 404.0% from the September 15th total of 25 shares. Based on an average daily volume of 495 shares, the days-to-cover ratio is currently 0.3 days.
Mercari Stock Up 4.4%
Shares of OTCMKTS:MCARY traded up $0.49 during midday trading on Friday, reaching $11.69. The company had a trading volume of 401 shares, compared to its average volume of 2,291. Mercari has a one year low of $6.88 and a one year high of $15.20. The stock’s fifty day moving average price is $13.15 and its 200-day moving average price is $12.78.
About Mercari
Mercari, Inc operates a mobile-first marketplace that enables individuals and businesses to buy and sell new and used goods. Its platform supports transactions across categories including apparel, electronics, home goods, toys, collectibles and other consumer products, with features for listing, payment and shipping designed to simplify peer-to-peer commerce.
Founded in Japan in 2013 by Shintaro Yamada and colleagues, Mercari has grown from a domestic resale application into a broader commerce ecosystem.
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