Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Update

Key Points

• Rakuten, Inc. experienced a significant increase in short interest in September, rising 124.2% to a total of 14,800 shares.
• The company reported a quarterly loss of ($0.16) earnings per share, missing analysts' expectations, despite revenues exceeding estimates at $4.04 billion.
• Nomura Securities upgraded Rakuten's rating from "hold" to "strong-buy," reflecting growing confidence among analysts regarding the company's future performance.

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 14,800 shares, a growth of 124.2% from the September 15th total of 6,600 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is currently 0.8 days.

Rakuten Stock Up 0.5%

OTCMKTS:RKUNY traded up $0.04 on Monday, hitting $6.48. 5,683 shares of the company's stock traded hands, compared to its average volume of 21,773. The company has a market cap of $14.04 billion, a PE ratio of -9.97 and a beta of 1.21. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.67. Rakuten has a 1 year low of $4.80 and a 1 year high of $7.11. The firm has a 50-day moving average price of $6.23 and a 200-day moving average price of $5.74.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.20). The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.83 billion. Rakuten had a negative net margin of 8.85% and a negative return on equity of 18.83%. Equities analysts anticipate that Rakuten will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Rakuten from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

About Rakuten

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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