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

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 37,052 shares, a decrease of 47.9% from the July 15th total of 71,107 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 8,508 shares, the days-to-cover ratio is presently 4.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Medirom Healthcare Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Medirom Healthcare Technologies Trading Up 0.9%

Shares of NASDAQ:MRM traded up $0.01 during mid-day trading on Monday, reaching $1.08. The company had a trading volume of 10,493 shares, compared to its average volume of 301,599. Medirom Healthcare Technologies has a one year low of $0.83 and a one year high of $4.45. The company’s 50-day moving average price is $1.03 and its 200-day moving average price is $1.16.

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.