Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Down 96.4% in June

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,062 shares, a decrease of 96.4% from the June 15th total of 56,767 shares. Based on an average trading volume of 295,929 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Rakuten has a consensus rating of “Buy”.

Rakuten Stock Performance

RKUNY traded up $0.04 on Friday, hitting $5.01. 29,288 shares of the stock traded hands, compared to its average volume of 111,571. Rakuten has a 52 week low of $4.24 and a 52 week high of $7.04. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $10.92 billion, a PE ratio of -13.54 and a beta of 1.12. The business has a fifty day moving average price of $4.76 and a two-hundred day moving average price of $5.26.

Rakuten (OTCMKTS:RKUNY) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Rakuten had a negative return on equity of 10.02% and a negative net margin of 4.83%.The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.92 billion.

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.