Rakuten Group, Inc. (OTCMKTS:RKUNF) Sees Large Drop in Short Interest

Rakuten Group, Inc. (OTCMKTS:RKUNF) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 9,530,200 shares, a decline of 15.4% from the January 31st total of 11,263,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 95,302.0 days.

Rakuten Group Price Performance

Shares of OTCMKTS RKUNF opened at $5.75 on Friday. Rakuten Group has a 12 month low of $4.48 and a 12 month high of $7.44. The business has a 50-day moving average of $5.83 and a 200-day moving average of $6.05.

About Rakuten Group

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.