Short Interest in Mercari, Inc. (OTCMKTS:MCARY) Drops By 56.9%

Mercari, Inc. (OTCMKTS:MCARYGet Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 23,700 shares, a decline of 56.9% from the April 30th total of 55,000 shares. Based on an average daily volume of 203,200 shares, the days-to-cover ratio is presently 0.1 days.

MCARY stock traded down $0.07 during midday trading on Friday, hitting $7.60. 14,067 shares of the company’s stock were exchanged, compared to its average volume of 60,487. Mercari has a 12-month low of $7.27 and a 12-month high of $31.97. The firm has a 50 day moving average price of $10.16 and a 200-day moving average price of $17.89.

About Mercari (Get Rating)

Mercari, Inc engages in the planning, development, and operation of the Mercari marketplace applications in Japan and the United States. Mercari, Inc was incorporated in 2013 and is based in Tokyo, Japan.

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