Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Down 96.1% in February

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 576 shares, a decrease of 96.1% from the February 12th total of 14,595 shares. Based on an average daily volume of 39,751 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 39,751 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Rakuten from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Rakuten Price Performance

OTCMKTS RKUNY opened at $5.05 on Wednesday. Rakuten has a 12 month low of $4.79 and a 12 month high of $7.04. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $10.96 billion, a PE ratio of -9.35 and a beta of 1.21. The company’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $6.15.

Rakuten (OTCMKTS:RKUNY) last announced its earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.15 billion. Rakuten had a negative return on equity of 15.36% and a negative net margin of 7.13%. As a group, equities research analysts forecast that Rakuten will post 0.06 EPS for the current fiscal year.

About Rakuten

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.