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

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 8,600 shares, an increase of 45.8% from the February 28th total of 5,900 shares. Based on an average daily trading volume, of 83,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Rakuten Group Price Performance

Shares of Rakuten Group stock traded down $0.05 on Tuesday, hitting $5.73. The company’s stock had a trading volume of 23,686 shares, compared to its average volume of 24,682. The company has a market capitalization of $12.35 billion, a P/E ratio of -11.46 and a beta of 1.06. Rakuten Group has a 52-week low of $4.65 and a 52-week high of $7.27. The firm has a fifty day moving average price of $6.25 and a 200-day moving average price of $6.10. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.73.

Rakuten Group (OTCMKTS:RKUNY) last posted its earnings results on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $4.34 billion during the quarter. Rakuten Group had a negative net margin of 7.17% and a negative return on equity of 15.31%. On average, equities research analysts expect that Rakuten Group will post 0.06 earnings per share for the current fiscal 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.