Rakuten, Inc. (OTCMKTS:RKUNY) Shares Shorted: Short Interest Down 90.4% in September

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,340 shares, a decrease of 90.4% from the August 31st total of 13,962 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 173,256 shares, the short-interest ratio is presently 0.0 days.

Rakuten Price Performance

Shares of Rakuten stock traded down $0.18 on Thursday, hitting $4.33. The company’s stock had a trading volume of 326,949 shares, compared to its average volume of 74,074. The company has a market capitalization of $9.45 billion, a P/E ratio of -22.79 and a beta of 1.10. Rakuten has a 52-week low of $4.24 and a 52-week high of $7.04. The firm has a fifty day moving average price of $4.89 and a 200-day moving average price of $4.85. The company has a quick ratio of 1.15, a current ratio of 1.10 and a debt-to-equity ratio of 3.64.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.09. The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.