Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Up 79.1% in January

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 27,211 shares, an increase of 79.1% from the December 31st total of 15,196 shares. Based on an average trading volume of 11,971 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 11,971 shares, the days-to-cover ratio is presently 2.3 days.

Rakuten Stock Performance

OTCMKTS RKUNY opened at $5.97 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70. The company has a market capitalization of $12.95 billion, a P/E ratio of -11.94 and a beta of 1.20. Rakuten has a 12-month low of $4.80 and a 12-month high of $7.11. The firm has a 50-day moving average price of $6.18 and a two-hundred day moving average price of $6.11.

Rakuten (OTCMKTS:RKUNY) last announced its earnings results on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.15). Rakuten had a negative return on equity of 13.96% and a negative net margin of 6.67%.The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.21 billion. Analysts anticipate that Rakuten will post 0.06 earnings per share for the current year.

About Rakuten

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.