Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Down 54.5% in August

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,962 shares, a decline of 54.5% from the August 15th total of 30,693 shares. Based on an average daily volume of 78,286 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Rakuten Trading Up 0.6%

OTCMKTS RKUNY opened at $4.79 on Wednesday. The firm’s 50-day moving average is $4.96 and its two-hundred day moving average is $4.88. The stock has a market capitalization of $10.45 billion, a P/E ratio of -25.21 and a beta of 1.10. Rakuten has a 12 month low of $4.24 and a 12 month 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.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.08%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion.

Rakuten Company Profile

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.