Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Short Interest Down 34.4% in August

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 18,094 shares, a drop of 34.4% from the August 15th total of 27,597 shares. Based on an average daily trading volume, of 37,070 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Medirom Healthcare Technologies in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Medirom Healthcare Technologies Stock Performance

Medirom Healthcare Technologies stock traded down $0.03 during midday trading on Thursday, hitting $0.75. 36,401 shares of the stock were exchanged, compared to its average volume of 267,196. Medirom Healthcare Technologies has a 1 year low of $0.73 and a 1 year high of $4.45. The company has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $1.08.

Medirom Healthcare Technologies Company Profile

MEDIROM Healthcare Technologies Inc provides holistic healthcare services in Japan. It operates in two segments, Relaxation Salon and Digital Preventative Healthcare. The Relaxation Salon segment owns and franchises relaxation salons, which provide finger-pressure style bodywork therapy, stretch therapy, and posture and joint alignment, as well as physical therapy elements; and various individual services, including anti-fatigue therapy, athletic support therapy, slim-down therapy, and reflexology.