Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Expands By 45.8%

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,600 shares, a growth of 45.8% from the February 28th total of 5,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 83,400 shares, the short-interest ratio is presently 0.1 days.

Rakuten Group Trading Down 1.7 %

OTCMKTS RKUNY traded down $0.10 during mid-day trading on Friday, reaching $5.82. 21,645 shares of the stock were exchanged, compared to its average volume of 24,789. The business’s fifty day simple moving average is $6.25 and its 200 day simple moving average is $6.12. 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 stock has a market capitalization of $12.54 billion, a PE ratio of -11.64 and a beta of 1.06. Rakuten Group has a 1-year low of $4.65 and a 1-year high of $7.27.

Rakuten Group (OTCMKTS:RKUNY) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.04) earnings per share (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%. On average, research analysts anticipate that Rakuten Group will post 0.06 earnings per share for the current fiscal year.

Rakuten Group Company Profile

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.