Internet Initiative Japan Inc. (OTCMKTS:IIJIY) Short Interest Down 66.7% in August

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 100 shares, a drop of 66.7% from the July 31st total of 300 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 0.1 days.

Internet Initiative Japan Price Performance

IIJIY remained flat at $39.46 on Friday. The company had a trading volume of 59 shares, compared to its average volume of 810. The company has a market capitalization of $3.61 billion, a P/E ratio of 25.79 and a beta of 0.62. Internet Initiative Japan has a 52-week low of $27.14 and a 52-week high of $41.30. The business has a fifty day simple moving average of $32.77 and a 200 day simple moving average of $34.07.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its earnings results on Wednesday, August 7th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter. Internet Initiative Japan had a net margin of 7.16% and a return on equity of 16.57%. The business had revenue of $461.96 million during the quarter, compared to analysts’ expectations of $405.50 million. On average, research analysts forecast that Internet Initiative Japan will post 0.34 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.