Short Interest in Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Declines By 47.9%

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 37,052 shares, a decline of 47.9% from the July 15th total of 71,107 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 8,508 shares, the days-to-cover ratio is currently 4.4 days.

Medirom Healthcare Technologies Trading Down 3.7%

Shares of Medirom Healthcare Technologies stock traded down $0.04 during trading hours on Tuesday, reaching $1.04. The company’s stock had a trading volume of 23,710 shares, compared to its average volume of 299,836. The company’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.15. Medirom Healthcare Technologies has a one year low of $0.83 and a one year high of $4.45.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Medirom Healthcare Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.