Rakuten, Inc. (OTCMKTS:RKUNY) Sees Large Decline in Short Interest

by · The Markets Daily

Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 13,962 shares, a decline of 54.5% from the August 15th total of 30,693 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 78,286 shares, the short-interest ratio is currently 0.2 days.

Rakuten Stock Performance

Shares of RKUNY stock opened at $4.67 on Monday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.15 and a current ratio of 1.15. Rakuten has a 52-week low of $4.24 and a 52-week high of $7.04. The company has a market capitalization of $10.19 billion, a PE ratio of -24.58 and a beta of 1.10. The business’s fifty day moving average is $4.96 and its 200 day moving average is $4.88.

Rakuten (OTCMKTS:RKUNY – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.09. Rakuten had a negative return on equity of 5.08% and a negative net margin of 2.48%.The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion.

About Rakuten

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Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.

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