Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Drops By 96.5%

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a drop of 96.5% from the March 15th total of 8,600 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 51,500 shares, the days-to-cover ratio is currently 0.0 days.

Rakuten Group Trading Up 4.4 %

OTCMKTS:RKUNY traded up $0.23 during mid-day trading on Friday, hitting $5.50. 56,547 shares of the company's stock were exchanged, compared to its average volume of 33,168. Rakuten Group has a fifty-two week low of $4.65 and a fifty-two week high of $7.27. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.73. The firm has a market capitalization of $11.86 billion, a P/E ratio of -11.00 and a beta of 1.12. The company has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $5.96.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The business 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%. As a group, research analysts expect that Rakuten Group will post 0.06 earnings per share 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.