Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Sees Large Growth in Short Interest

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 670 shares, an increase of 963.5% from the August 31st total of 63 shares. Based on an average daily trading volume, of 2,907 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Internet Initiative Japan Stock Performance

IIJIY stock remained flat at $42.70 during mid-day trading on Friday. 1 shares of the company’s stock traded hands, compared to its average volume of 842. Internet Initiative Japan has a 52-week low of $27.00 and a 52-week high of $44.61. The business has a fifty day simple moving average of $42.75 and a 200 day simple moving average of $37.98. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 23.46 and a beta of 1.11.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%. The company had revenue of $616.85 million during the quarter, compared to analyst estimates of $537.56 million.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on Internet Initiative Japan in a report on Tuesday, June 30th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services and integrated digital solutions. Founded in 1992, the company is recognized as one of Japan’s early commercial internet service providers.

IIJ offers a broad range of services for businesses, government organizations and consumers, including dedicated internet access, wide-area networking, cloud computing, data center services, cybersecurity, systems integration and managed IT services.