Rakuten Group, Inc. (OTCMKTS:RKUNY) Sees Large Growth in Short Interest

Rakuten Group, Inc. (OTCMKTS:RKUNY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 76,200 shares, a growth of 55.2% from the March 31st total of 49,100 shares. Based on an average trading volume of 40,400 shares, the short-interest ratio is presently 1.9 days.

Rakuten Group Price Performance

OTCMKTS:RKUNY remained flat at $4.73 during mid-day trading on Monday. The company’s stock had a trading volume of 18,899 shares, compared to its average volume of 27,369. The company has a market cap of $10.14 billion, a price-to-earnings ratio of -3.75 and a beta of 0.97. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.13 and a current ratio of 1.12. The company has a 50 day moving average of $5.47 and a two-hundred day moving average of $4.57. Rakuten Group has a twelve month low of $3.22 and a twelve month high of $6.00.

Rakuten Group (OTCMKTS:RKUNY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.43) EPS for the quarter. Rakuten Group had a negative return on equity of 32.05% and a negative net margin of 16.31%. The business had revenue of $3.93 billion during the quarter. Equities analysts predict that Rakuten Group will post -0.03 EPS for the current year.

Rakuten Group Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.