Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNF) Drops By 25.8%

Rakuten Group, Inc. (OTCMKTS:RKUNF) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 9,254,400 shares, a drop of 25.8% from the May 15th total of 12,478,600 shares. Based on an average trading volume of 7,000 shares, the short-interest ratio is currently 1,322.1 days.

Rakuten Group Trading Down 4.0%

Rakuten Group stock opened at $5.74 on Thursday. The firm has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $5.76. Rakuten Group has a 12-month low of $4.48 and a 12-month high of $7.44.

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.