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

Rakuten Group, Inc. (OTCMKTS:RKUNY) was the recipient of a significant increase in short interest in the month of 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 daily volume of 47,100 shares, the days-to-cover ratio is presently 0.2 days.

Rakuten Group Stock Performance

Shares of OTCMKTS RKUNY traded down $0.11 during trading on Wednesday, hitting $5.59. 15,462 shares of the company traded hands, compared to its average volume of 19,532. Rakuten Group has a 1 year low of $3.70 and a 1 year high of $7.27. The company has a 50-day moving average price of $6.17 and a 200-day moving average price of $5.84. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.82.

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.