Short Interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Grows By 100.0%

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) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 200 shares, a growth of 100.0% from the August 15th total of 100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days. 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 company's shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IIJIY shares. Jefferies Financial Group raised Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Wall Street Zen cut 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.com, Internet Initiative Japan has an average rating of "Strong Buy".

Internet Initiative Japan Stock Performance

Shares of OTCMKTS IIJIY traded up $2.36 during trading hours on Friday, hitting $38.25. The stock had a trading volume of 2,187 shares, compared to its average volume of 484. The company has a market capitalization of $3.51 billion, a P/E ratio of 25.16 and a beta of 1.02. The firm's 50-day moving average price is $37.87 and its two-hundred day moving average price is $36.89. Internet Initiative Japan has a 52 week low of $32.10 and a 52 week high of $44.71.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). The firm 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%. As a group, analysts expect that Internet Initiative Japan will post 0.37 EPS 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.

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