Short Interest in Rakuten, Inc. (OTCMKTS:RKUNY) Declines By 33.3%

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 88,426 shares, a decrease of 33.3% from the May 14th total of 132,651 shares. Based on an average daily volume of 287,571 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Rakuten Trading Down 0.6%

Shares of OTCMKTS:RKUNY opened at $4.70 on Thursday. The company has a market capitalization of $10.22 billion, a P/E ratio of -12.70 and a beta of 1.12. Rakuten has a 1 year low of $4.50 and a 1 year 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 1.16. The business’s 50 day simple moving average is $4.91 and its 200 day simple moving average is $5.43.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. Rakuten had a negative return on equity of 10.02% and a negative net margin of 4.83%.The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.92 billion.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 issued a Hold rating to the company. Based on data from 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.