Rakuten Group, Inc. (OTCMKTS:RKUNY) Short Interest Up 45.8% in March

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,600 shares, an increase of 45.8% from the February 28th total of 5,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 83,400 shares, the short-interest ratio is currently 0.1 days.

Rakuten Group Price Performance

OTCMKTS:RKUNY traded down $0.08 during mid-day trading on Thursday, hitting $5.58. 14,298 shares of the company's stock traded hands, compared to its average volume of 24,614. The company has a debt-to-equity ratio of 5.73, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $12.02 billion, a PE ratio of -11.16 and a beta of 1.06. The firm's 50 day simple moving average is $6.23 and its 200 day simple moving average is $6.09. Rakuten Group has a 1 year low of $4.65 and a 1 year high of $7.27.

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 for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. The business had revenue of $4.34 billion for the quarter. Sell-side analysts expect 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.