Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Sees Large Drop in Short Interest

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

Medirom Healthcare Technologies Trading Up 4.9%

Shares of NASDAQ:MRM traded up $0.05 during trading hours on Friday, hitting $1.07. The company’s stock had a trading volume of 27,793 shares, compared to its average volume of 39,482. The firm’s fifty day moving average price is $1.03 and its 200 day moving average price is $1.16. Medirom Healthcare Technologies has a 52 week low of $0.83 and a 52 week high of $4.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered 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, Based on data from MarketBeat.com, Medirom Healthcare Technologies currently has a consensus 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.