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

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) saw a significant increase in short interest during the month of 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. Based on an average daily trading volume, of 656,382 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the company are short sold.

Medirom Healthcare Technologies Price Performance

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

Analyst Ratings Changes

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

Medirom Healthcare Technologies Company Profile

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.