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

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 15,196 shares, a decrease of 46.6% from the December 15th total of 28,442 shares. Based on an average daily volume of 17,460 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 17,460 shares, the short-interest ratio is presently 0.9 days.

Rakuten Stock Performance

Shares of OTCMKTS RKUNY traded up $0.05 during midday trading on Thursday, reaching $6.36. The company’s stock had a trading volume of 2,215 shares, compared to its average volume of 5,688. The stock has a market capitalization of $13.80 billion, a P/E ratio of -12.72 and a beta of 1.20. 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 50 day moving average price of $6.24 and a 200-day moving average price of $6.06. Rakuten has a 12-month low of $4.80 and a 12-month high of $7.11.

Rakuten (OTCMKTS:RKUNY) last announced its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. As a group, equities analysts predict that Rakuten will post 0.06 earnings per share 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.