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

Rakuten, Inc. (OTCMKTS:RKUNY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,340 shares, a decrease of 90.4% from the August 31st total of 13,962 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 173,256 shares, the days-to-cover ratio is currently 0.0 days.

Rakuten Stock Performance

OTCMKTS RKUNY opened at $4.33 on Friday. Rakuten has a fifty-two week low of $4.24 and a fifty-two week high of $7.04. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of -22.79 and a beta of 1.10. The business has a fifty day moving average of $4.89 and a 200-day moving average of $4.85. The company has a quick ratio of 1.15, a current ratio of 1.10 and a debt-to-equity ratio of 3.64.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%.

About Rakuten

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.