Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Shares Shorted: Short Interest Up 226.1% in October

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 362 shares, a growth of 226.1% from the September 30th total of 111 shares. Based on an average trading volume of 263 shares, the short-interest ratio is currently 1.4 days. Currently, 0.0% of the company’s stock are short sold.

Internet Initiative Japan Price Performance

IIJIY stock opened at $44.66 on Friday. The company has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $37.34. Internet Initiative Japan has a one year low of $27.00 and a one year high of $47.46. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 24.54 and a beta of 1.14.

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

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. Founded in 1992, IIJ is recognized as one of Japan’s early commercial internet service providers and primarily serves businesses, government organizations, and other institutional customers.

The company offers dedicated internet access, wide-area networking, data center and cloud services, mobile communications, cybersecurity, and managed network operations.