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

Rakuten, Inc. (OTCMKTS:RKUNY) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 17,729 shares, a decrease of 34.8% from the January 15th total of 27,211 shares. Based on an average daily trading volume, of 17,537 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 17,537 shares, the short-interest ratio is presently 1.0 days.

Rakuten Stock Down 3.5%

OTCMKTS RKUNY opened at $6.29 on Friday. 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 52 week low of $4.80 and a 52 week high of $7.11. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of -12.58 and a beta of 1.20. The company has a fifty day moving average of $6.21 and a two-hundred day moving average of $6.16.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Rakuten had a negative return on equity of 13.96% and a negative net margin of 6.67%.The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.15 billion. On average, 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.