Rakuten Group, Inc. (OTCMKTS:RKUNF – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,993,190 shares, a growth of 78.9% from the June 15th total of 10,057,732 shares. Based on an average trading volume of 946 shares, the days-to-cover ratio is presently 19,020.3 days.
Rakuten Group Stock Down 5.0%
RKUNF opened at $4.73 on Friday. The business has a 50-day moving average of $4.69 and a 200-day moving average of $5.17. Rakuten Group has a fifty-two week low of $4.00 and a fifty-two week high of $7.32.
About Rakuten Group
Rakuten Group, Inc is a Tokyo‐based technology conglomerate best known for its e-commerce marketplace, Rakuten Ichiba, one of Japan’s largest online retail platforms. Since its establishment in 1997 by Hiroshi Mikitani, the company has diversified into a range of digital services spanning fintech, digital content, communications and logistics. Key services include Rakuten Card (credit and payment solutions), Rakuten Bank (online banking), Rakuten Securities (investment services), Rakuten Travel (online travel agency) and Rakuten Kobo (e-books and digital reading devices).
In addition to its core marketplace business, Rakuten has expanded into telecommunications through the launch of Rakuten Mobile, a fully virtualized, cloud-native mobile network service.
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