Short Interest in Rakuten Group, Inc. (OTCMKTS:RKUNY) Expands By 14,200.0%

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 14,300 shares, an increase of 14,200.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 66,100 shares, the days-to-cover ratio is presently 0.2 days.

Rakuten Group Stock Performance

RKUNY stock traded up $0.05 during midday trading on Wednesday, hitting $5.77. The company’s stock had a trading volume of 17,344 shares, compared to its average volume of 31,502. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of -6.48 and a beta of 0.96. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.73. The stock’s 50-day moving average price is $5.79 and its 200 day moving average price is $5.99. Rakuten Group has a 1 year low of $4.13 and a 1 year high of $7.27.

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.