Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Short Interest Up 438.9% in May

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 338,625 shares, a growth of 438.9% from the May 14th total of 62,840 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 2,199,028 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Medirom Healthcare Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Medirom Healthcare Technologies presently has an average rating of “Sell”.

Medirom Healthcare Technologies Stock Performance

NASDAQ MRM remained flat at $1.16 during trading hours on Wednesday. 63,192 shares of the company traded hands, compared to its average volume of 407,061. Medirom Healthcare Technologies has a twelve month low of $0.90 and a twelve month high of $4.45. The stock’s 50 day simple moving average is $1.13.

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.