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

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 200 shares, a drop of 33.3% from the September 15th total of 300 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

Several brokerages have issued reports on IIJIY. Wall Street Zen cut Internet Initiative Japan from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Jefferies Financial Group upgraded Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Internet Initiative Japan presently has an average rating of “Strong Buy”.

Internet Initiative Japan Price Performance

Shares of IIJIY opened at $35.56 on Friday. Internet Initiative Japan has a 12 month low of $32.10 and a 12 month high of $44.71. The stock has a fifty day moving average price of $37.01 and a 200 day moving average price of $37.22. The company has a market cap of $3.26 billion, a P/E ratio of 23.39 and a beta of 1.06.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The company had revenue of $521.19 million during the quarter, compared to the consensus estimate of $534.99 million. Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.55%. As a group, research analysts anticipate that Internet Initiative Japan will post 0.37 earnings per share for the current year.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.