Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Down 54.5% in August

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,962 shares, a decrease of 54.5% from the August 15th total of 30,693 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 78,286 shares, the days-to-cover ratio is currently 0.2 days.

Rakuten Stock Up 1.9%

Shares of Rakuten stock opened at $4.76 on Tuesday. The firm’s 50 day moving average price is $4.96 and its 200-day moving average price is $4.88. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.43. Rakuten has a 52-week low of $4.24 and a 52-week high of $7.04. The company has a market cap of $10.39 billion, a P/E ratio of -25.05 and a beta of 1.10.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.09. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.08%.

Rakuten Company Profile

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.