Rakuten, Inc. (OTCMKTS:RKUNY) Stock Short Interest Climbs 685.3%

Key Points

• Rakuten’s short interest surged 685.3% to 11,081 shares as of October 15, up from 1,411 shares on September 30. Despite the increase, short interest represented 0.0% of shares outstanding and 0.0 days of average trading volume.
• Shares opened at $4.01, near the lower end of their 52-week range of $3.85 to $7.04. Rakuten’s latest quarterly results beat expectations, with $0.02 in EPS versus estimates of a $0.07 loss and revenue of $4.18 billion.
• Analysts maintain a “Hold” consensus rating, while Rakuten continues to report negative net margin and return on equity; analysts expect a full-year EPS loss of $0.12.

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 11,081 shares, an increase of 685.3% from the September 30th total of 1,411 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 391,702 shares, the short-interest ratio is currently 0.0 days.

Rakuten Stock Down 0.3%

RKUNY stock opened at $4.01 on Tuesday. Rakuten has a 1 year low of $3.85 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day simple moving average of $4.46 and a 200-day simple moving average of $4.99.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.09. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. Sell-side analysts anticipate that Rakuten will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Rakuten to a "hold" rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

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.

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