Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Update

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,062 shares, a decline of 96.4% from the June 15th total of 56,767 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 295,929 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Rakuten Stock Performance

Shares of OTCMKTS:RKUNY traded up $0.04 during midday trading on Friday, reaching $5.01. 29,288 shares of the company’s stock traded hands, compared to its average volume of 111,571. The company has a market cap of $10.92 billion, a price-to-earnings ratio of -13.54 and a beta of 1.12. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.15 and a current ratio of 1.15. Rakuten has a one year low of $4.24 and a one year high of $7.04. The stock has a 50 day moving average of $4.76 and a 200 day moving average of $5.26.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Rakuten had a negative return on equity of 10.02% and a negative net margin of 4.83%.The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.92 billion.

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.