Mercari, Inc. (OTCMKTS:MCARY) Short Interest Down 60.3% in December

Mercari, Inc. (OTCMKTS:MCARY) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,414 shares, a decline of 60.3% from the November 30th total of 3,560 shares. Based on an average daily trading volume, of 4,410 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 4,410 shares, the short-interest ratio is currently 0.3 days.

Mercari Price Performance

Shares of OTCMKTS MCARY remained flat at $9.55 during trading hours on Friday. The stock has a 50 day moving average of $8.31 and a two-hundred day moving average of $8.17. Mercari has a 1 year low of $4.91 and a 1 year high of $9.55.

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.