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

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 61,000 shares, an increase of 65.8% from the January 31st total of 36,800 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is presently 2.0 days.

Rakuten Group Stock Down 1.8 %

RKUNY traded down $0.11 during trading on Tuesday, hitting $6.03. 12,417 shares of the company’s stock were exchanged, compared to its average volume of 19,755. Rakuten Group has a fifty-two week low of $4.65 and a fifty-two week high of $7.27. The stock has a market cap of $12.99 billion, a P/E ratio of -12.06 and a beta of 0.97. The business’s 50 day moving average is $6.06 and its two-hundred day moving average is $6.19. 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 for the quarter. The business had revenue of $4.34 billion during the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. As a group, equities 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.