Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Up 79.1% in January

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 27,211 shares, an increase of 79.1% from the December 31st total of 15,196 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 11,971 shares, the short-interest ratio is presently 2.3 days. Based on an average daily volume of 11,971 shares, the short-interest ratio is presently 2.3 days. Approximately 0.0% of the company’s shares are sold short.

Rakuten Price Performance

RKUNY opened at $6.01 on Friday. The stock has a market cap of $13.04 billion, a P/E ratio of -12.02 and a beta of 1.20. Rakuten has a 12 month low of $4.80 and a 12 month high of $7.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70. The company has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $6.11.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.21 billion. On average, research analysts expect that Rakuten will post 0.06 EPS for the current year.

Rakuten Company Profile

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.