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

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant drop in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 24,177 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 24,177 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are short sold.

Rakuten Trading Up 0.6%

OTCMKTS:RKUNY opened at $6.53 on Tuesday. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of -13.06 and a beta of 1.17. Rakuten has a one year low of $4.80 and a one year high of $7.11. The company has a debt-to-equity ratio of 4.70, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50-day simple moving average is $6.23 and its 200 day simple moving average is $5.98.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings data 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). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.21 billion. As a group, sell-side analysts predict 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.