Short Interest in Mercari, Inc. (OTCMKTS:MCARY) Declines By 96.6%

Mercari, Inc. (OTCMKTS:MCARY) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 19 shares, a decline of 96.6% from the March 31st total of 565 shares. Based on an average daily volume of 68 shares, the short-interest ratio is currently 0.3 days.

Mercari Price Performance

MCARY stock remained flat at $12.26 during trading on Friday. 9 shares of the company traded hands, compared to its average volume of 3,291. The company has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $9.86. Mercari has a 1 year low of $6.85 and a 1 year high of $12.55.

About Mercari

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.