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

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 300 shares, an increase of 200.0% from the May 31st total of 100 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 0.4 days.

Internet Initiative Japan Stock Performance

Shares of Internet Initiative Japan stock remained flat at $27.75 during trading on Thursday. 50 shares of the stock were exchanged, compared to its average volume of 228. The stock has a fifty day moving average price of $30.93 and a 200-day moving average price of $35.87. Internet Initiative Japan has a fifty-two week low of $27.14 and a fifty-two week high of $41.30. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.14 and a beta of 0.61.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings data on Friday, May 10th. The communications equipment provider reported $0.52 EPS for the quarter. Internet Initiative Japan had a net margin of 7.16% and a return on equity of 16.93%. The company had revenue of $504.93 million for the quarter, compared to analyst estimates of $520.07 million. As a group, sell-side analysts anticipate that Internet Initiative Japan will post 1.74 EPS 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.