Rakuten, Inc. (OTCMKTS:RKUNY) Short Interest Update

Rakuten, Inc. (OTCMKTS:RKUNY) saw a significant decrease in short interest in 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 daily trading volume, of 295,929 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised Rakuten from a “strong sell” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Rakuten Stock Up 0.8%

Rakuten stock 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 1 year low of $4.24 and a 1 year high of $7.04. The firm has a market cap of $10.92 billion, a P/E ratio of -13.54 and a beta of 1.12. 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 business’s fifty day simple moving average is $4.76 and its 200 day simple moving average is $5.26.

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

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.