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

by · The Markets Daily

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY – Get Free Report) was the target of a significant increase in short interest in the month of 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,907 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began 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 data from MarketBeat.com, Internet Initiative Japan presently has a consensus rating of “Hold”.

Read Our Latest Analysis on Internet Initiative Japan

Internet Initiative Japan Price Performance

OTCMKTS:IIJIY remained flat at $42.70 during trading hours on Thursday. 25 shares of the company were exchanged, compared to its average volume of 841. The stock has a market cap of $3.92 billion, a P/E ratio of 23.46 and a beta of 1.11. Internet Initiative Japan has a 1 year low of $27.00 and a 1 year high of $44.61. The stock has a 50 day moving average price of $42.74 and a 200-day moving average price of $37.95.

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

Internet Initiative Japan Company Profile

(Get Free Report)

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.

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