Rakuten, Inc. (OTCMKTS:RKUNY) Sees Large Growth in Short Interest

Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 42,248 shares, a growth of 69.0% from the July 15th total of 25,001 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 125,077 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Rakuten from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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Rakuten Trading Up 2.7%

OTCMKTS RKUNY traded up $0.13 on Monday, reaching $4.92. The stock had a trading volume of 26,980 shares, compared to its average volume of 67,196. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.43. The stock has a fifty day moving average price of $4.87 and a two-hundred day moving average price of $5.04. Rakuten has a 12-month low of $4.24 and a 12-month high of $7.04. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of -25.89 and a beta of 1.11.

Rakuten (OTCMKTS:RKUNY – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative return on equity of 5.08% and a negative net margin of 2.48%.

Rakuten Company Profile

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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.

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