Rakuten Group, Inc. (OTCMKTS:RKUNY) Sees Significant Increase in Short-Term Interest


Rakuten Group, Inc. (OTCMKTS: RKUNYGet a rating) saw strong growth in short-term interest in May. As of May 15, there were short interests totaling 7,000 shares, a growth of 32.1% from the total of 5,300 shares as of April 30. Based on an average daily volume of 251,800 shares, the day-to-cover ratio is currently 0.0 day.

Several research companies have commented on RKUNY. Citigroup downgraded Rakuten Group from a “buy” rating to a “neutral” rating in a report on Monday. Zacks Investment Research downgraded Rakuten Group from a “hold” rating to a “sell” rating in a Wednesday, April 6 report.

Shares of OTCMKTS: RKUNY remained stable at $5.64 on Tuesday. The stock had trading volume of 32,700 shares, compared to an average volume of 107,176. Rakuten Group has a 12-month low of $5.53 and a 12-month high of $12.50. The company has a 50-day moving average of $7.06 and a 200-day moving average of $8.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt ratio of 3.05.

Rakuten Group Company Profile (Get a rating)

Rakuten Group, Inc provides Internet services in Japan and internationally. It operates through three segments: internet services, fintech and mobile segments. The Internet Services segment operates Rakuten Ichiba, an Internet shopping center; Rakuten Travel, online travel and booking site; Rakuten Rewards, a membership-based online cashback site; Rakuten Fashion, a fashion mail order site; Rakuten Books, an online book, CD and DVD store; 24-hour Rakuten necessities sales service; Rakuten Seiyu Netsuper, an online grocery delivery service; Rakuten Bic, an e-commerce site; Rakuten Rebates, a reminder service; Rakuma, a consumer-to-consumer mobile e-commerce application; Rakuten Super Logistics, a distribution and fulfillment service; Rakuten Drone, Drone/UGV delivery service; Rakuten Gora, an online golf course reservation; and Rakuten Marketing which provides performance marketing services.

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