Rakuten Group, Inc. (OTCMKTS:RKUNY) Sees Significant Increase in Short Interest

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 8,600 shares, an increase of 45.8% from the February 28th total of 5,900 shares. Based on an average daily volume of 83,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Rakuten Group Stock Down 1.7 %

Rakuten Group stock traded down $0.10 during trading hours on Monday, hitting $5.82. The stock had a trading volume of 21,645 shares, compared to its average volume of 24,789. The stock’s 50-day moving average price is $6.25 and its 200-day moving average price is $6.11. Rakuten Group has a 12-month low of $4.65 and a 12-month high of $7.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.73. The stock has a market capitalization of $12.54 billion, a P/E ratio of -11.64 and a beta of 1.06.

Rakuten Group (OTCMKTS:RKUNY) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $4.34 billion for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. Equities research analysts anticipate that Rakuten Group will post 0.06 EPS for the current fiscal year.

Rakuten Group Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.