Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Up 207.8% in April

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 159,107 shares, an increase of 207.8% from the April 15th total of 51,693 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 131,350 shares, the short-interest ratio is presently 1.2 days.

Rakuten Stock Performance

RKUNY traded down $0.01 during trading on Friday, hitting $4.98. The company’s stock had a trading volume of 60,028 shares, compared to its average volume of 87,883. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.11. Rakuten has a one year low of $4.50 and a one year high of $7.04. The firm has a market cap of $10.83 billion, a PE ratio of -13.46 and a beta of 1.15. The business’s 50 day simple moving average is $4.89 and its 200-day simple moving average is $5.68.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. Rakuten had a negative net margin of 4.83% and a negative return on equity of 9.99%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.92 billion. As a group, sell-side analysts predict that Rakuten will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Rakuten Company Profile

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.