Rakuten Group, Inc. (OTCMKTS:RKUNY) Short Interest Up 37.6% in March

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 123,800 shares, a growth of 37.6% from the February 29th total of 90,000 shares. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 3.5 days.

Rakuten Group Price Performance

Shares of OTCMKTS:RKUNY traded down $0.04 during trading on Friday, reaching $5.66. 17,480 shares of the company's stock traded hands, compared to its average volume of 17,504. Rakuten Group has a fifty-two week low of $3.22 and a fifty-two week high of $5.93. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 4.41. The firm has a market cap of $12.13 billion, a PE ratio of -4.49 and a beta of 0.98. The company has a 50-day simple moving average of $5.09 and a 200-day simple moving average of $4.38.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.43) EPS for the quarter. Rakuten Group had a negative net margin of 16.31% and a negative return on equity of 32.05%. The business had revenue of $3.93 billion for the quarter. As a group, analysts predict that Rakuten Group will post -0.03 earnings per share for the current year.

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.

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