Short Interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Drops By 33.3%

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 200 shares, a decline of 33.3% from the September 15th total of 300 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 1.0 days.

Internet Initiative Japan Stock Up 1.9%

OTCMKTS IIJIY opened at $35.56 on Wednesday. The company has a market capitalization of $3.26 billion, a P/E ratio of 23.39 and a beta of 1.06. Internet Initiative Japan has a 12-month low of $32.10 and a 12-month high of $44.71. The firm has a 50-day moving average price of $37.20 and a two-hundred day moving average price of $37.24.

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

Analyst Upgrades and Downgrades

IIJIY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Jefferies Financial Group raised shares of Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Internet Initiative Japan has an average rating of "Strong Buy".

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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