MEDIROM Healthcare Technologies Inc. (NYSE:MRM) Sees Significant Decline in Short Interest

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 - ) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,800 shares, adeclineof88.4% from the July 15th total of 32,900 shares. Approximately0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately0.1% of the shares of the company are short sold.

MEDIROM Healthcare Technologies Trading Up 11.3%

MEDIROM Healthcare Technologies stock traded up $0.24 on Thursday, hitting $2.37. The company's stock had a trading volume of 687,883 shares, compared to its average volume of 1,680,152. The company has a fifty day moving average price of $1.49 and a 200-day moving average price of $1.06. MEDIROM Healthcare Technologies has a one year low of $0.34 and a one year high of $8.39.

Institutional Investors Weigh In On MEDIROM Healthcare Technologies

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Heights Capital Management Inc. bought a new position in MEDIROM Healthcare Technologies Inc. (NYSE:MRM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,582 shares of the company's stock, valued at approximately $37,000. Heights Capital Management Inc. owned about 0.72% of MEDIROM Healthcare Technologies as of its most recent filing with the Securities and Exchange Commission.

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.

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