MEDIROM Healthcare Technologies Inc. (NYSE:MRM) Short Interest Up 57.4% in August

Key Points

• Medirom Healthcare Technologies Inc. saw a significant increase in short interest in August, rising by 57.4% to 495,900 shares.
• The company currently has 16.8% of its shares short sold, with a days-to-cover ratio of 0.2 days based on the average daily trading volume.
• The stock price is currently at $1.80, with a twelve-month range between $0.34 and $5.30.

MEDIROM Healthcare Technologies Inc. (NYSE:MRM - ) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 495,900 shares, an increase of 57.4% from the August 15th total of 315,100 shares. Based on an average daily trading volume, of 2,580,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 16.8% of the shares of the company are short sold. Currently, 16.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,580,000 shares, the days-to-cover ratio is currently 0.2 days.

MEDIROM Healthcare Technologies Price Performance

NYSE:MRM traded down $0.10 during mid-day trading on Monday, reaching $1.80. The stock had a trading volume of 79,141 shares, compared to its average volume of 1,653,860. MEDIROM Healthcare Technologies has a twelve month low of $0.34 and a twelve month high of $5.30. The business has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $1.22.

About MEDIROM Healthcare Technologies

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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