Short Interest in Rakuten, Inc. (OTCMKTS:RKUNY) Declines By 35.8%

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 56,767 shares, a decrease of 35.8% from the May 31st total of 88,426 shares. Based on an average daily volume of 200,120 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Rakuten Stock Performance

OTCMKTS RKUNY opened at $4.57 on Friday. Rakuten has a 1 year low of $4.24 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $9.96 billion, a PE ratio of -12.35 and a beta of 1.12. The company has a fifty day moving average of $4.76 and a 200 day moving average of $5.30.

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

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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 company. According to data from MarketBeat, the company 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.