Rakuten Group, Inc. (OTCMKTS:RKUNY) Sees Significant Decrease in Short Interest

Rakuten Group, Inc. (OTCMKTS:RKUNY) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 100 shares, a decline of 99.2% from the November 30th total of 12,700 shares. Based on an average daily volume of 47,200 shares, the short-interest ratio is currently 0.0 days.

Rakuten Group Price Performance

Shares of RKUNY traded down $0.26 during trading hours on Friday, reaching $5.39. The company had a trading volume of 33,851 shares, compared to its average volume of 27,932. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of -6.06 and a beta of 0.96. Rakuten Group has a 12-month low of $4.01 and a 12-month high of $7.27. The firm has a 50 day simple moving average of $5.90 and a 200-day simple moving average of $5.95. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.73.

Rakuten Group Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.