Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Expands By 65.8%

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) saw a significant increase in short interest during 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 currently 2.0 days.

Rakuten Group Trading Up 4.1 %

OTCMKTS RKUNY traded up $0.25 on Wednesday, reaching $6.17. The company had a trading volume of 65,561 shares, compared to its average volume of 21,644. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of -12.34 and a beta of 1.06. Rakuten Group has a fifty-two week low of $4.65 and a fifty-two week high of $7.27. The business has a 50 day moving average of $6.07 and a two-hundred day moving average of $6.19. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.16 and a quick ratio of 1.16.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $4.34 billion for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. Analysts forecast 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.