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

Rakuten, Inc. (OTCMKTS:RKUNY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 42,248 shares, an increase of 69.0% from the July 15th total of 25,001 shares. Based on an average daily trading volume, of 125,077 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Rakuten Stock Up 2.7%

Shares of RKUNY stock traded up $0.13 during trading hours on Monday, reaching $4.92. 26,980 shares of the stock were exchanged, compared to its average volume of 67,196. The business’s fifty day moving average is $4.87 and its two-hundred day moving average is $5.04. The firm has a market capitalization of $10.73 billion, a P/E ratio of -25.89 and a beta of 1.11. Rakuten has a 12-month low of $4.24 and a 12-month high of $7.04. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.15 and a quick ratio of 1.15.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.08%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion.

Wall Street Analyst Weigh In

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

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.