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

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 300 shares, a growth of 50.0% from the June 30th total of 200 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 0.1 days.

Internet Initiative Japan Price Performance

OTCMKTS:IIJIY remained flat at $32.50 during trading hours on Monday. 92 shares of the company were exchanged, compared to its average volume of 900. The stock has a market cap of $2.98 billion, a P/E ratio of 21.24 and a beta of 0.62. Internet Initiative Japan has a 52 week low of $27.14 and a 52 week high of $41.30. The firm has a 50 day simple moving average of $29.67 and a 200 day simple moving average of $34.85.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings data on Friday, May 10th. The communications equipment provider reported $0.52 EPS for the quarter. The company had revenue of $504.93 million during the quarter, compared to the consensus estimate of $520.07 million. Internet Initiative Japan had a net margin of 7.16% and a return on equity of 16.57%. On average, analysts expect that Internet Initiative Japan will post 0.34 EPS for the current fiscal 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.