Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Up 79.1% in January

Rakuten, Inc. (OTCMKTS:RKUNY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 27,211 shares, an increase of 79.1% from the December 31st total of 15,196 shares. Based on an average daily trading volume, of 11,971 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,971 shares, the days-to-cover ratio is currently 2.3 days.

Rakuten Price Performance

RKUNY stock opened at $6.01 on Friday. The firm has a 50 day moving average of $6.18 and a 200-day moving average of $6.12. The firm has a market capitalization of $13.04 billion, a P/E ratio of -12.02 and a beta of 1.20. Rakuten has a 12 month low of $4.80 and a 12 month high of $7.11. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.70.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.15). Rakuten had a negative return on equity of 13.96% and a negative net margin of 6.67%.The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations 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.

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.