Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Short Interest Down 59.8% in June

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 136,211 shares, a decrease of 59.8% from the May 31st total of 338,625 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,176 shares, the days-to-cover ratio is currently 2.0 days.

Medirom Healthcare Technologies Stock Performance

Shares of NASDAQ MRM traded up $0.00 during mid-day trading on Monday, reaching $1.00. The company had a trading volume of 60,240 shares, compared to its average volume of 377,790. The company has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $1.39. Medirom Healthcare Technologies has a 1-year low of $0.90 and a 1-year high of $4.45.

Wall Street Analysts Forecast Growth

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

About Medirom Healthcare Technologies

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.