Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Expands By 18,766.7%

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 56,600 shares, an increase of 18,766.7% from the March 31st total of 300 shares. Based on an average trading volume of 140,700 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Rakuten Group Stock Performance

OTCMKTS:RKUNY traded down $0.11 during trading hours on Thursday, reaching $5.76. 19,455 shares of the company's stock were exchanged, compared to its average volume of 32,144. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.73. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of -11.52 and a beta of 1.12. Rakuten Group has a 1-year low of $4.65 and a 1-year high of $7.27. The company has a 50-day moving average of $5.78 and a 200 day moving average of $5.92.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.04) EPS for the quarter. Rakuten Group had a negative net margin of 7.17% and a negative return on equity of 15.31%. The company had revenue of $4.34 billion for the quarter. Research analysts anticipate that Rakuten Group will post 0.06 EPS for the current year.

About Rakuten Group

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.