Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Down 33.3% in May

Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 88,426 shares, a drop 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 company’s stock are short sold.

Rakuten Stock Performance

Rakuten stock traded up $0.10 during midday trading on Wednesday, reaching $4.81. 242 shares of the company’s stock were exchanged, compared to its average volume of 62,604. The stock’s 50-day simple moving average is $4.91 and its 200 day simple moving average is $5.44. Rakuten has a 52 week low of $4.50 and a 52 week high of $7.04. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.16 and a current ratio of 1.15. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of -12.99 and a beta of 1.12.

Get Rakuten alerts:

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

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Rakuten presently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on Rakuten

About Rakuten

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Rakuten
• Dave & Buster’s Q1 Miss Raises the Stakes for Its Turnaround Plan
• Flying Under the Radar: Lockheed Martin’s $2.8B Stealth Setup
• Bread’s Comeback Is Real—But Is the Easy Money Gone?
• Ollie’s Stock Has Lagged Despite Earnings Beats—What’s Holding It Back?

Receive News & Ratings for Rakuten Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rakuten and related companies with MarketBeat.com's FREE daily email newsletter.