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

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

Medirom Healthcare Technologies Price Performance

Shares of Medirom Healthcare Technologies stock traded up $0.02 during trading on Thursday, hitting $1.18. 47,256 shares of the company were exchanged, compared to its average volume of 1,066,574. Medirom Healthcare Technologies has a fifty-two week low of $0.90 and a fifty-two week high of $4.45. The stock has a 50 day moving average of $1.13.

Wall Street Analysts Forecast Growth

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

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.