Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Stock Short Interest Report for September

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 111 shares, a decline of 83.4% from the September 15th total of 670 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 352 shares, the short-interest ratio is currently 0.3 days.

Internet Initiative Japan Stock Performance

IIJIY opened at $46.00 on Friday. The company has a fifty day moving average of $43.00 and a two-hundred day moving average of $39.03. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.27 and a beta of 1.14. Internet Initiative Japan has a fifty-two week low of $27.00 and a fifty-two week high of $46.00.

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

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Internet Initiative Japan in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Internet Initiative Japan currently has an average rating of “Hold”.

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services, and systems integration solutions. The company serves enterprises, government organizations, and other institutions with services designed to support digital communications and information technology operations.

IIJ’s offerings include internet access, wide-area networking, data center and cloud services, cybersecurity, managed network services, and systems development and integration.