Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Short Interest Down 47.9% in July

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 37,052 shares, a decline of 47.9% from the July 15th total of 71,107 shares. Based on an average daily trading volume, of 8,508 shares, the days-to-cover ratio is currently 4.4 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Medirom Healthcare Technologies Stock Up 4.9%

MRM traded up $0.05 during trading on Friday, reaching $1.07. The company had a trading volume of 27,793 shares, compared to its average volume of 39,482. The business has a 50 day simple moving average of $1.03 and a 200-day simple moving average of $1.16. Medirom Healthcare Technologies has a 52 week low of $0.83 and a 52 week high of $4.45.

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.