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

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 56,600 shares, a growth of 18,766.7% from the March 31st total of 300 shares. Based on an average daily volume of 140,700 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company's shares are short sold.

Rakuten Group Trading Up 1.4 %

RKUNY stock traded up $0.08 during midday trading on Friday, reaching $5.61. The company's stock had a trading volume of 7,962 shares, compared to its average volume of 33,143. Rakuten Group has a 1 year low of $4.65 and a 1 year high of $7.27. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of -11.22 and a beta of 1.12. The stock has a fifty day simple moving average of $5.82 and a two-hundred day simple moving average of $5.93. The company has a debt-to-equity ratio of 5.73, a quick ratio of 1.16 and a current ratio of 1.16.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The company 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%. On average, equities research analysts predict that Rakuten Group will post 0.06 EPS for the current 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.

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