Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Short Interest Up 438.9% in May

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 338,625 shares, an increase of 438.9% from the May 14th total of 62,840 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 2,199,028 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Medirom Healthcare Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Medirom Healthcare Technologies Price Performance

NASDAQ:MRM traded down $0.02 during trading hours on Friday, reaching $1.17. 24,799 shares of the company’s stock were exchanged, compared to its average volume of 400,436. The firm’s 50-day moving average is $1.13. Medirom Healthcare Technologies has a 1-year low of $0.90 and a 1-year high of $4.45.

Medirom Healthcare Technologies Company Profile

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.