Short Interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Expands By 50.0%

Key Points

• Short interest in Internet Initiative Japan, Inc. saw a significant rise of 50% in September, increasing from 200 shares to 300 shares.
• The company reported earnings per share (EPS) of $0.29 for the last quarter, missing estimates by $0.08, with net revenue falling short of expectations at $521.19 million.
• Analysts have mixed ratings on the stock, with Jefferies Financial Group upgrading it to a "strong-buy" while Wall Street Zen downgraded it to a "hold."

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 300 shares, an increase of 50.0% from the August 31st total of 200 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.3 days.

Internet Initiative Japan Price Performance

IIJIY stock remained flat at $34.70 during trading hours on Tuesday. 18 shares of the company's stock traded hands, compared to its average volume of 223. The stock has a market cap of $3.18 billion, a P/E ratio of 22.83 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 stock has a 50 day moving average of $37.78 and a 200 day moving average of $37.14.

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 the consensus estimate of $0.37 by ($0.08). Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%.The firm had revenue of $521.19 million for the quarter, compared to the consensus estimate of $534.99 million. On average, analysts predict that Internet Initiative Japan will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IIJIY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen lowered shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".

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.

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