Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Up 1,112.5% in July

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 25,001 shares, a growth of 1,112.5% from the June 30th total of 2,062 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 138,899 shares, the short-interest ratio is presently 0.2 days.

Rakuten Stock Up 0.3%

OTCMKTS:RKUNY traded up $0.01 during mid-day trading on Friday, hitting $4.82. The company had a trading volume of 35,106 shares, compared to its average volume of 81,538. The business has a fifty day simple moving average of $4.76 and a 200-day simple moving average of $5.16. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of -13.01 and a beta of 1.12. Rakuten has a 1 year low of $4.24 and a 1 year high of $7.04. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.43.

Rakuten (OTCMKTS:RKUNY) last issued its 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 return on equity of 10.02% and a negative net margin of 4.83%.The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.92 billion.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.