Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Declines By 51.5%

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 28,900 shares, a decrease of 51.5% from the September 30th total of 59,600 shares. Based on an average daily volume of 58,400 shares, the days-to-cover ratio is presently 0.5 days.

Rakuten Group Stock Down 2.2 %

RKUNY stock traded down $0.13 during mid-day trading on Friday, hitting $5.76. 15,760 shares of the company were exchanged, compared to its average volume of 29,077. The firm has a market cap of $12.38 billion, a P/E ratio of -5.76 and a beta of 0.95. Rakuten Group has a 1-year low of $3.50 and a 1-year high of $7.27. The company has a debt-to-equity ratio of 4.82, a quick ratio of 1.15 and a current ratio of 1.15. The firm's 50 day simple moving average is $6.54 and its 200 day simple moving average is $5.71.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported ($0.10) earnings per share for the quarter. Rakuten Group had a negative return on equity of 24.66% and a negative net margin of 12.91%. The company had revenue of $3.45 billion during the quarter. On average, sell-side analysts predict that Rakuten Group will post -0.22 EPS for the current fiscal year.

Rakuten Group Company Profile

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.