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

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 9,002 shares, a drop of 69.9% from the October 15th total of 29,941 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 65,435 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Medirom Healthcare Technologies Trading Up 1.2%

NASDAQ:MRM traded up $0.00 during trading hours on Friday, reaching $0.29. 6,986 shares of the stock were exchanged, compared to its average volume of 255,285. The firm has a 50 day simple moving average of $0.55 and a 200-day simple moving average of $0.99. Medirom Healthcare Technologies has a 52 week low of $0.24 and a 52 week high of $2.33.

About Medirom Healthcare Technologies

Medirom Healthcare Technologies Inc. is a Japan-based healthcare and wellness company that provides services designed to support relaxation, physical conditioning and preventative health. The company operates through a network of wellness salons and related healthcare businesses, serving consumers primarily in Japan. Its principal salon brand, Re.Ra.Ku, offers services such as body care, stretching, reflexology and other relaxation treatments. Medirom serves customers through company-operated and franchised locations, with its services focused on helping clients manage fatigue, improve flexibility and maintain general physical well-being.