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

Key Points

• Short interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) grew by 100% in August, increasing from 100 shares to a total of 200 shares.
• Analysts have mixed views on the stock; Jefferies Financial Group upgraded it to a "strong-buy" while Wall Street Zen downgraded it to a "hold," resulting in an average rating of "Strong Buy" overall.
• For the last quarter, Internet Initiative Japan reported $0.29 EPS, missing the consensus estimate of $0.37, with a revenue of $521.19 million against an expected $534.99 million.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 200 shares, an increase of 100.0% from the August 15th total of 100 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group raised 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 equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Internet Initiative Japan currently has an average rating of "Strong Buy".

Internet Initiative Japan Stock Performance

IIJIY stock remained flat at $38.25 on Friday. 119 shares of the company traded hands, compared to its average volume of 304. Internet Initiative Japan has a 1 year low of $32.10 and a 1 year high of $44.71. The stock has a market capitalization of $3.51 billion, a PE ratio of 25.16 and a beta of 1.02. The firm's 50-day simple moving average is $37.89 and its 200 day simple moving average is $37.01.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.32% and a return on equity of 14.55%. The company had revenue of $521.19 million during the quarter, compared to analyst estimates of $534.99 million. Analysts predict that Internet Initiative Japan will post 0.37 earnings per share for the current fiscal 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.