Rakuten Group, Inc. (OTCMKTS:RKUNY) Sees Large Increase in Short Interest

by · The Cerbat Gem

Rakuten Group, Inc. (OTCMKTS:RKUNY – Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 10,900 shares, an increase of 10,800.0% from the October 31st total of 100 shares. Based on an average trading volume of 47,100 shares, the short-interest ratio is currently 0.2 days.

Rakuten Group Trading Down 1.9 %

Shares of RKUNY stock traded down $0.11 during trading hours on Wednesday, hitting $5.59. The company had a trading volume of 15,462 shares, compared to its average volume of 19,532. Rakuten Group has a 12 month low of $3.70 and a 12 month high of $7.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.82. The firm’s fifty day moving average is $6.17 and its 200 day moving average is $5.84.

About Rakuten Group

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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.

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