Rakuten Group, Inc. (OTCMKTS: RKUNY – Get a rating) saw a sharp drop in short-term interest rates during the month of April. As of April 30, there was short interest totaling 5,300 shares, down 80.9% from the April 15 total of 27,800 shares. Based on an average daily trading volume of 100,400 shares, the short-term interest rate ratio is currently 0.1 day.
Separately, Zacks Investment Research downgraded shares of Rakuten Group from a “hold” rating to a “sell” rating in a Wednesday, April 6 research note.
Shares of RKUNY Stock traded down $0.24 during Thursday’s trading, hitting $6.24. 209,661 shares of the stock trade in hands, compared to its average volume of 60,826. The company has a market capitalization of $9.88 billion, a P/E ratio of -6.18 and a beta of 1.01. The company has a debt ratio of 3.05, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty-day moving average price is $7.57 and its 200-day moving average price is $8.97. Rakuten Group has a 52-week minimum of $6.21 and a 52-week maximum of $12.50.
About Rakuten Group (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 mall; 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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