Rakuten Group, Inc. (OTCMKTS:RKUNY) Short Interest Down 99.7% in October

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a decrease of 99.7% from the October 15th total of 28,900 shares. Based on an average daily volume of 120,800 shares, the short-interest ratio is presently 0.0 days.

Rakuten Group Price Performance

Shares of OTCMKTS RKUNY traded up $0.09 during mid-day trading on Tuesday, reaching $6.04. The company's stock had a trading volume of 2,515 shares, compared to its average volume of 28,131. The stock has a fifty day moving average of $6.39 and a two-hundred day moving average of $5.77. Rakuten Group has a 52 week low of $3.52 and a 52 week high of $7.27. The firm has a market capitalization of $13.00 billion, a PE ratio of -6.84 and a beta of 0.96. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.15 and a quick ratio of 1.15.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $3.45 billion during the quarter. Rakuten Group had a negative return on equity of 24.66% and a negative net margin of 12.91%. As a group, sell-side analysts anticipate that Rakuten Group will post -0.22 EPS 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.