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

Rakuten Group, Inc. (OTCMKTS:RKUNY) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 99.7% from the October 15th total of 28,900 shares. Based on an average trading volume of 120,800 shares, the days-to-cover ratio is currently 0.0 days.

Rakuten Group Stock Performance

Shares of RKUNY stock opened at $6.65 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.82. Rakuten Group has a 12 month low of $3.59 and a 12 month high of $7.27. The company’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $5.78. The firm has a market cap of $14.31 billion, a PE ratio of -6.94 and a beta of 0.96.

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.