Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Stock Short Interest Report for October

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 29,941 shares, an increase of 977.4% from the September 30th total of 2,779 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 656,382 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Medirom Healthcare Technologies in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Medirom Healthcare Technologies Trading Up 4.0%

Shares of NASDAQ MRM traded up $0.01 during mid-day trading on Monday, reaching $0.36. The company had a trading volume of 37,808 shares, compared to its average volume of 399,088. The firm has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $1.09. Medirom Healthcare Technologies has a 52-week low of $0.24 and a 52-week high of $2.73.

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.

In addition to its salon operations, Medirom has pursued digital healthcare and wearable technology initiatives, including products intended to monitor health and wellness information.