Mercari, Inc. (OTCMKTS:MCARY) Sees Large Increase in Short Interest

Mercari, Inc. (OTCMKTS:MCARY) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 3,364 shares, a growth of 159.2% from the January 15th total of 1,298 shares. Based on an average daily volume of 10,791 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 10,791 shares, the short-interest ratio is currently 0.3 days.

Mercari Price Performance

Shares of OTCMKTS MCARY remained flat at $10.55 during mid-day trading on Thursday. The business’s 50-day simple moving average is $9.95 and its two-hundred day simple moving average is $8.55. Mercari has a 52-week low of $6.50 and a 52-week high of $11.00.

Mercari Company Profile

Mercari, Inc (OTCMKTS:MCARY) is a Japan-based e-commerce company that operates a peer-to-peer marketplace platform, enabling individuals to list, buy and sell used and new items via its mobile application and website. The platform accommodates a wide range of categories, including fashion, electronics, home goods and collectibles, and integrates payment processing and shipping coordination to streamline transactions for users.

Founded in February 2013 by Shintaro Yamada, Mercari quickly gained traction in its domestic market and went public on the Tokyo Stock Exchange in June 2018.