Rakuten, Inc. (OTCMKTS:RKUNY) Sees Significant Drop in Short Interest

Rakuten, Inc. (OTCMKTS:RKUNY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 28,585 shares, a drop of 23.4% from the November 30th total of 37,310 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,177 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 24,177 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the shares of the company are sold short.

Rakuten Trading Down 2.0%

Shares of RKUNY stock traded down $0.13 on Wednesday, hitting $6.40. The stock had a trading volume of 7,679 shares, compared to its average volume of 9,773. The company has a fifty day moving average price of $6.24 and a two-hundred day moving average price of $5.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.70. The firm has a market cap of $13.88 billion, a P/E ratio of -12.80 and a beta of 1.17. Rakuten has a twelve month low of $4.80 and a twelve month high of $7.11.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.21 billion. Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. As a group, analysts forecast that Rakuten will post 0.06 earnings per share for the current fiscal year.

About Rakuten

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.