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

Internet Initiative Japan Inc. (OTCMKTS:IIJIY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,200 shares, an increase of 1,100.0% from the March 31st total of 100 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are sold short.

Internet Initiative Japan Stock Performance

IIJIY traded up $0.69 during trading on Thursday, reaching $37.10. The stock had a trading volume of 695 shares, compared to its average volume of 510. The stock has a market cap of $3.40 billion, a PE ratio of 24.09 and a beta of 1.00. Internet Initiative Japan has a one year low of $27.14 and a one year high of $43.57. The business has a 50-day moving average of $34.78 and a 200-day moving average of $36.64.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter. Internet Initiative Japan had a net margin of 6.80% and a return on equity of 15.89%. Equities research analysts forecast that Internet Initiative Japan will post 0.37 EPS for the current fiscal 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.