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

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 56,200 shares, a decrease of 46.9% from the May 15th total of 105,900 shares. Based on an average daily volume of 32,400 shares, the short-interest ratio is presently 1.7 days. Currently, 0.0% of the company’s stock are sold short.

Rakuten Group Stock Down 0.2%

RKUNY traded down $0.01 on Tuesday, hitting $5.56. The company had a trading volume of 8,632 shares, compared to its average volume of 27,860. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of -11.12 and a beta of 1.05. 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 stock has a fifty day moving average price of $5.61 and a 200-day moving average price of $5.86. Rakuten Group has a 12-month low of $4.65 and a 12-month high of $7.27.

Rakuten Group (OTCMKTS:RKUNY) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) 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 $3.69 billion during the quarter. Analysts predict that Rakuten Group will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Nomura Securities raised shares of Rakuten Group to a “hold” rating in a report on Tuesday, May 27th. CLSA upgraded Rakuten Group to a “strong-buy” rating in a report on Thursday, May 29th.

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.