Rakuten, Inc. (OTCMKTS:RKUNY) Sees Large Drop in Short Interest

Rakuten, Inc. (OTCMKTS:RKUNY) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 15,196 shares, a decrease of 46.6% from the December 15th total of 28,442 shares. Based on an average daily trading volume, of 17,460 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 17,460 shares, the short-interest ratio is currently 0.9 days.

Rakuten Stock Down 0.9%

Rakuten stock opened at $6.26 on Friday. The firm has a market capitalization of $13.57 billion, a P/E ratio of -12.51 and a beta of 1.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.70. Rakuten has a twelve month low of $4.80 and a twelve month high of $7.11. The stock’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.06.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.21 billion. As a group, equities analysts expect that Rakuten will post 0.06 earnings per share for the current fiscal year.

Rakuten Company Profile

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.