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

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

Analyst Upgrades and Downgrades

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

Rakuten Stock Performance

Shares of Rakuten stock traded up $0.08 during trading on Thursday, reaching $4.95. The company’s stock had a trading volume of 67,350 shares, compared to its average volume of 47,858. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day moving average price is $4.90 and its 200-day moving average price is $5.69. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of -9.17 and a beta of 1.15. Rakuten has a one year low of $4.50 and a one year high of $7.04.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Rakuten had a negative return on equity of 14.73% and a negative net margin of 7.13%. As a group, equities research analysts predict that Rakuten will post -0.07 earnings per share for the current year.

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.