Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Update

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 17,729 shares, a decrease of 34.8% from the January 15th total of 27,211 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 17,537 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 17,537 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the shares of the stock are sold short.

Rakuten Price Performance

RKUNY stock opened at $6.29 on Friday. Rakuten has a 52 week low of $4.80 and a 52 week high of $7.11. The firm has a market capitalization of $13.65 billion, a P/E ratio of -12.58 and a beta of 1.20. The company has a fifty day simple moving average of $6.21 and a two-hundred day simple moving average of $6.16. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70.

Rakuten (OTCMKTS:RKUNY) last announced its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Analysts anticipate that Rakuten will post 0.06 earnings per share for the current fiscal 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.