MEDIROM Healthcare Technologies Inc. (NYSE:MRM) Short Interest Update

Key Points

• MEDIROM Healthcare Technologies Inc. experienced a significant decline in short interest, dropping by 88.4% from 32,900 shares to 3,800 shares in July.
• The company's stock price increased by 11.3%, reaching $2.37, with a trading volume of 687,883 shares on Thursday.
• An institutional investor, Heights Capital Management Inc., acquired 35,582 shares of MEDIROM, marking its first position in the company valued at approximately $37,000.

MEDIROM Healthcare Technologies Inc. (NYSE:MRM - Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 3,800 shares, adropof88.4% from the July 15th total of 32,900 shares. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is presently 0.0 days. Currently,0.1% of the company's stock are sold short. Currently,0.1% of the company's stock are sold short. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of MEDIROM Healthcare Technologies

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Heights Capital Management Inc. purchased a new stake in MEDIROM Healthcare Technologies Inc. (NYSE:MRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,582 shares of the company's stock, valued at approximately $37,000. Heights Capital Management Inc. owned approximately 0.72% of MEDIROM Healthcare Technologies as of its most recent filing with the SEC.

MEDIROM Healthcare Technologies Stock Down 4.8%

Shares of NYSE:MRM traded down $0.09 during trading on Tuesday, reaching $1.80. The stock had a trading volume of 154,680 shares, compared to its average volume of 1,653,439. MEDIROM Healthcare Technologies has a one year low of $0.3403 and a one year high of $8.3899. The firm's 50-day simple moving average is $1.52 and its 200 day simple moving average is $1.09.

MEDIROM Healthcare Technologies Company Profile

MEDIROM Healthcare Technologies Inc provides holistic healthcare services in Japan. It operates in three segments: Relaxation Salon, Digital Preventative Healthcare, and Luxury Beauty. 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.