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

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 27,211 shares, a growth of 79.1% from the December 31st total of 15,196 shares. Based on an average daily volume of 11,971 shares, the short-interest ratio is currently 2.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 11,971 shares, the short-interest ratio is currently 2.3 days.

Rakuten Trading Down 0.1%

RKUNY opened at $5.97 on Friday. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of -11.94 and a beta of 1.20. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70. Rakuten has a twelve month low of $4.80 and a twelve month high of $7.11. The company has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $6.11.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.15). The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.21 billion. Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. Analysts predict that Rakuten will post 0.06 EPS for the current fiscal year.

About Rakuten

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.