Rakuten Group, Inc. (OTCMKTS:RKUNY) Short Interest Down 46.9% in May

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 56,200 shares, a drop of 46.9% from the May 15th total of 105,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 32,400 shares, the short-interest ratio is presently 1.7 days.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RKUNY shares. CLSA upgraded Rakuten Group to a "strong-buy" rating in a research report on Thursday, May 29th. Nomura Securities upgraded Rakuten Group to a "hold" rating in a research report on Tuesday, May 27th.

Rakuten Group Trading Down 1.8%

RKUNY traded down $0.10 on Friday, hitting $5.57. The company had a trading volume of 8,110 shares, compared to its average volume of 28,032. The company has a market cap of $12.02 billion, a PE ratio of -11.14 and a beta of 1.05. Rakuten Group has a 12-month low of $4.65 and a 12-month high of $7.27. 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 business's fifty day simple moving average is $5.60 and its 200 day simple moving average is $5.86.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.22) EPS for the quarter. The company had revenue of $3.69 billion during the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. Equities research analysts expect 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.

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