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

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 136,211 shares, a decrease of 59.8% from the May 31st total of 338,625 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 68,176 shares, the days-to-cover ratio is presently 2.0 days.

Medirom Healthcare Technologies Price Performance

NASDAQ MRM traded up $0.00 during trading on Monday, hitting $1.00. 60,240 shares of the company traded hands, compared to its average volume of 377,790. Medirom Healthcare Technologies has a 12 month low of $0.90 and a 12 month high of $4.45. The business has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $1.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut 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.com, the stock presently has a consensus rating of “Sell”.

About Medirom Healthcare Technologies

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.