Rakuten Group, Inc. (OTCMKTS:RKUNF) Sees Significant Growth in Short Interest

Rakuten Group, Inc. (OTCMKTS:RKUNF) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 17,993,190 shares, an increase of 78.9% from the June 15th total of 10,057,732 shares. Based on an average trading volume of 946 shares, the short-interest ratio is presently 19,020.3 days.

Rakuten Group Trading Up 0.6%

RKUNF stock opened at $4.98 on Friday. The company’s 50 day simple moving average is $4.69 and its 200-day simple moving average is $5.17. Rakuten Group has a 12 month low of $4.00 and a 12 month high of $7.32.

Rakuten Group Company Profile

Rakuten Group, Inc is a Tokyo‐based technology conglomerate best known for its e-commerce marketplace, Rakuten Ichiba, one of Japan’s largest online retail platforms. Since its establishment in 1997 by Hiroshi Mikitani, the company has diversified into a range of digital services spanning fintech, digital content, communications and logistics. Key services include Rakuten Card (credit and payment solutions), Rakuten Bank (online banking), Rakuten Securities (investment services), Rakuten Travel (online travel agency) and Rakuten Kobo (e-books and digital reading devices).

In addition to its core marketplace business, Rakuten has expanded into telecommunications through the launch of Rakuten Mobile, a fully virtualized, cloud-native mobile network service.