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

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 105,900 shares, a growth of 19.8% from the April 30th total of 88,400 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 36,600 shares, the short-interest ratio is currently 2.9 days.

Rakuten Group Price Performance

RKUNY traded down $0.07 during trading on Thursday, reaching $5.53. 37,284 shares of the company were exchanged, compared to its average volume of 28,978. 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 company has a market cap of $11.93 billion, a price-to-earnings ratio of -11.06 and a beta of 1.11. Rakuten Group has a 12-month low of $4.65 and a 12-month high of $7.27. The company's 50-day moving average is $5.56 and its two-hundred day moving average is $5.86.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.69 billion for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. Research analysts forecast that Rakuten Group will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RKUNY has been the subject of a number of research reports. CLSA upgraded shares of Rakuten Group to a "strong-buy" rating in a report on Thursday, May 29th. Nomura Securities upgraded shares of Rakuten Group to a "hold" rating in a report on Tuesday, May 27th.

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.