Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Short Interest Update

Key Points

• Internet Initiative Japan, Inc. experienced a 92.9% decline in short interest in August, reducing the total to just 100 shares.
• Analysts have mixed ratings for the stock, with Wall Street Zen downgrading it from "buy" to "hold," while Jefferies Financial Group upgraded it to "strong-buy."
• The company's latest earnings report revealed a missed consensus estimate, with earnings per share at $0.29 versus the expected $0.37.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 100 shares, adeclineof92.9% from the July 31st total of 1,400 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 800 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen lowered Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Jefferies Financial Group upgraded Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of "Strong Buy".

Internet Initiative Japan Stock Performance

Shares of IIJIY remained flat at $40.70 during trading hours on Tuesday. The stock had a trading volume of 110 shares, compared to its average volume of 569. The company's 50 day simple moving average is $38.14 and its 200 day simple moving average is $36.71. Internet Initiative Japan has a 52 week low of $32.10 and a 52 week high of $44.71. The company has a market capitalization of $3.73 billion, a P/E ratio of 26.78 and a beta of 1.01.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its earnings results on Thursday, August 7th. The communications equipment provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.55%. The business had revenue of $521.19 million for the quarter, compared to the consensus estimate of $534.99 million. On average, equities analysts expect that Internet Initiative Japan will post 0.37 earnings per share for the current year.

About Internet Initiative Japan

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.

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