Short Interest in Rakuten, Inc. (OTCMKTS:RKUNY) Decreases By 33.3%

Rakuten, Inc. (OTCMKTS:RKUNY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 88,426 shares, a decline of 33.3% from the May 14th total of 132,651 shares. Based on an average daily volume of 287,571 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Rakuten Stock Performance

Shares of RKUNY stock opened at $4.71 on Tuesday. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of -12.73 and a beta of 1.12. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16. Rakuten has a 52 week low of $4.50 and a 52 week high of $7.04. The firm’s 50-day simple moving average is $4.91 and its two-hundred day simple moving average is $5.45.

Rakuten (OTCMKTS:RKUNY) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.92 billion. Rakuten had a negative net margin of 4.83% and a negative return on equity of 9.99%.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

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.