Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Drops By 90.3%

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 5,900 shares, a decline of 90.3% from the February 13th total of 61,000 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 36,500 shares, the short-interest ratio is currently 0.2 days.

Rakuten Group Stock Up 1.2 %

RKUNY stock traded up $0.07 during mid-day trading on Wednesday, hitting $6.07. 16,515 shares of the company were exchanged, compared to its average volume of 24,988. The firm has a market cap of $13.08 billion, a P/E ratio of -12.14 and a beta of 1.06. Rakuten Group has a 1-year low of $4.65 and a 1-year high of $7.27. The company has a debt-to-equity ratio of 5.73, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $6.18.

Rakuten Group (OTCMKTS:RKUNY) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. The firm had revenue of $4.34 billion for the quarter. On average, sell-side analysts predict that Rakuten Group will post 0.06 EPS for the current fiscal year.

About Rakuten Group

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.