Short Interest in Mercari, Inc. (OTCMKTS:MCARY) Decreases By 60.3%

Mercari, Inc. (OTCMKTS:MCARY) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 1,414 shares, a drop of 60.3% from the November 30th total of 3,560 shares. Based on an average daily volume of 4,410 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 4,410 shares, the days-to-cover ratio is currently 0.3 days.

Mercari Price Performance

Shares of OTCMKTS MCARY remained flat at $9.55 during mid-day trading on Friday. Mercari has a fifty-two week low of $4.91 and a fifty-two week high of $9.55. The business has a 50 day moving average price of $8.31 and a 200 day moving average price of $8.17.

About Mercari

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.