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

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) saw a large growth in short interest during the month of 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 daily volume of 2,900 shares, the short-interest ratio is presently 0.1 days.

Internet Initiative Japan Price Performance

Shares of IIJIY remained flat at $32.50 during mid-day trading on Monday. 92 shares of the stock traded hands, compared to its average volume of 900. The company has a fifty day moving average of $29.67 and a 200-day moving average of $34.85. The company has a market cap of $2.98 billion, a PE ratio of 21.24 and a beta of 0.62. Internet Initiative Japan has a 12 month low of $27.14 and a 12 month high of $41.30.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its quarterly earnings data on Friday, May 10th. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $504.93 million for the quarter, compared to analysts’ expectations of $520.07 million. Internet Initiative Japan had a net margin of 7.16% and a return on equity of 16.57%. Equities research analysts forecast that Internet Initiative Japan will post 0.34 EPS for the current fiscal year.

About Internet Initiative Japan

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.