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

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 76,200 shares, an increase of 55.2% from the March 31st total of 49,100 shares. Based on an average daily trading volume, of 40,400 shares, the short-interest ratio is presently 1.9 days.

Rakuten Group Trading Down 0.6 %

OTCMKTS:RKUNY traded down $0.03 during mid-day trading on Friday, hitting $4.73. 10,207 shares of the company's stock were exchanged, compared to its average volume of 28,221. The company has a 50 day simple moving average of $5.47 and a 200-day simple moving average of $4.56. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 4.41. Rakuten Group has a fifty-two week low of $3.22 and a fifty-two week high of $6.00. The firm has a market capitalization of $10.14 billion, a P/E ratio of -3.75 and a beta of 0.97.

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 return on equity of 32.05% and a negative net margin of 16.31%. The business had revenue of $3.93 billion for the quarter. As a group, research analysts expect 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.