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

Rakuten, Inc. (OTCMKTS:RKUNY) was the recipient of a significant 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 trading volume of 287,571 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Rakuten Stock Up 0.4%

Rakuten stock opened at $4.71 on Tuesday. Rakuten has a fifty-two week low of $4.50 and a fifty-two week high of $7.04. The stock has a market cap of $10.24 billion, a PE ratio of -12.73 and a beta of 1.12. The firm’s 50-day simple moving average is $4.91 and its 200 day simple moving average is $5.45. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16.

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 analysts’ expectations of $3.92 billion.

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.