Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Short Interest Up 438.9% in May

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 338,625 shares, an increase of 438.9% from the May 14th total of 62,840 shares. Based on an average trading volume of 2,199,028 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.0% of the company’s stock are short sold.

Medirom Healthcare Technologies Stock Performance

Shares of Medirom Healthcare Technologies stock remained flat at $1.16 during mid-day trading on Wednesday. 63,192 shares of the company’s stock traded hands, compared to its average volume of 407,061. Medirom Healthcare Technologies has a 1 year low of $0.90 and a 1 year high of $4.45. The business’s 50 day moving average is $1.13.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Medirom Healthcare Technologies currently has a consensus 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.