Rakuten Group, Inc. (OTCMKTS:RKUNY) Short Interest Up 19.8% in May

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the target of a large growth in short interest in 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. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 36,600 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

RKUNY has been the topic of several recent analyst reports. CLSA raised Rakuten Group to a "strong-buy" rating in a report on Thursday, May 29th. Nomura Securities upgraded Rakuten Group to a "hold" rating in a report on Tuesday, May 27th.

Rakuten Group Stock Performance

Shares of Rakuten Group stock traded up $0.04 on Friday, hitting $5.57. The stock had a trading volume of 25,766 shares, compared to its average volume of 28,947. The company's 50 day moving average price is $5.55 and its 200 day moving average price is $5.85. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of -11.14 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.73. Rakuten Group has a 52-week low of $4.65 and a 52-week high of $7.27.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. The business had revenue of $3.69 billion for the quarter. On average, research analysts anticipate that Rakuten Group will post 0.06 EPS 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.