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

Internet Initiative Japan Inc. (OTCMKTS:IIJIY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a drop of 75.0% from the April 30th total of 400 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's shares are sold short.

Internet Initiative Japan Trading Up 5.1%

IIJIY traded up $1.87 on Friday, hitting $38.25. The company had a trading volume of 100 shares, compared to its average volume of 750. The company's fifty day moving average price is $35.80 and its 200 day moving average price is $36.52. Internet Initiative Japan has a 1 year low of $27.14 and a 1 year high of $43.57. The firm has a market cap of $3.50 billion, a P/E ratio of 24.84 and a beta of 1.04.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). Internet Initiative Japan had a net margin of 6.80% and a return on equity of 15.89%. The company had revenue of $590.48 million for the quarter, compared to analyst estimates of $575.53 million. On average, analysts predict 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.